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異質性投資人最適股利政策之研究

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Figure 1.1 Framework of this dissertationHomogeneous beliefs
Figure 3.1 The relationship between production function and investment (homogeneous beliefs among investors)
Figure 3.2 The relationship between production function and investment (heterogeneous beliefs among investors)
Figure 4.1 The solution to the signaling equation (Miller and Rock, 1985 Journal of Finance p.1044)
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