The authors would like to thank Palani-Rajan Kadapakkam, Kathy Kahle, Mike Long, David Reeb, Dan Rogers, Lucas Roth, an anonymous referee, and seminar participants at Virginia Tech, the University of California-Riverside, and the 2008 Southern Finance Association Meetings for comments and suggestions. We are also indebted to Roberta Romano for providing her coding of state director liability laws. Mansi acknowledges partial funding from Virginia Tech's summer support. The remaining errors are the sole responsibility of the authors.
Payout Policy with Legal Restrictions
Article first published online: 21 SEP 2011
© 2011 Financial Management Association International
Volume 40, Issue 3, pages 701–732, Fall 2011
How to Cite
Mansi, S. A. and Wald, J. K. (2011), Payout Policy with Legal Restrictions. Financial Management, 40: 701–732. doi: 10.1111/j.1755-053X.2011.01158.x
- Issue published online: 21 SEP 2011
- Article first published online: 21 SEP 2011
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