4J.B.Chay, Jung wonSuh. 2009, "Pay Out policy and cash--flow uncertainty", Journal of financial Economics 93: 88-107.
5La Porta, R, Lopezde-Silanes,F. Shleifer, A., Vishny, R.W. 2000, "Agency Problem and Dividend Policies around the World", Journal of Finance 55(1): 1--33.
6Lintner, J., 1956. Distribut)on of incomes o4 operations among dividends, retained earnings, and taxes. American Economic Review 46, 97 113.
