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- UID
- 223412
- 帖子
- 334
- 主题
- 15
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
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| I believe it has to do with the opportunity cost. Retained earnings should grow the firm. If the company can't utilize those retained earnings in such a way that is superior than what its shareholders would earn if it paid it out in dividends and allowed to invest those dividends in a different company, then the company isn't maximizing their value. |
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发表于 2011-7-27 14:18
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