OPTIMAL PAYOUT POLICY UNDER AN INTEGRATED MODEL OF THE FINANCIAL DECISION CALCULUS OF THE CORPORATION

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Abstract

Biographical Note

Summary

Paper - Part I

Paper - Part II

Lemmas

A series of papers exploring aspects of corpoate finance with the help of the model of corporate growth developed in Part 1 of the above.

Lemma 1

Lemma 2

Comments would be welcome at mail@peterharding.eu

PVGO: The Economics of the Present Value of the Corporation's Growth Opportunities - April 2009.

Shareholder Value: How growth and gearing interact to inflate the gap between enterprise value and corporate capital employed.