FINANCIAL FLEXIBILITY AND FINANCIAL POLICY
Journal Title: Educational Research International - Year 2017, Vol 6, Issue 2
Abstract
This paper surveys research on financial flexibility, with special attention to its influences on capital structure and payout policy. This paper includes five sections: first, explains why financial flexibility matters; second, explains how to get financial flexibility for a corporation; third, details how to measure financial flexibility; fourth, summarizes relationship between financial flexibility and payout policy; finally, draws conclusions and elaborates future research prospects.
Authors and Affiliations
Zi-xu Liu
Keywords
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