The optimization of dividend policy

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The article is devoted to finding the optimal dividend policy to maximize business value. The method of optimization of theoretic analysis of a Group and the maximum principle of Pontryagin. The optimal solution involves the stages of accumulation and consumption. This result is is compared with the practice of Russian and American companies.

Optimal control, dividend policy, group analysis, value of a company

Короткий адрес: https://sciup.org/148181264

IDR: 148181264

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