An Empirical Study of the Relationship between Investment Opportunity Set(IOS) and the Dividend Policy 投资机会集(IOS)与股利政策关系的实证研究
This may be caused by many reasons. One crucial reason of them is that its static specification fails to take into account the effects of time-varying investment opportunity ( time-varying risk and time-varying risk premia ) set. 这可能是由多种原因造成的,其中一个重要原因是它的静态设定中没有考虑时变投资机会集(IOS)(即时变的风险和时变的风险溢价)的作用。