Which of the Following Factors Is Not Identified as an Explanation

question 7

Multiple Choice

Which of the following factors is not identified as an explanation for dividend policy differences around the world in the study by Rafeal La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W.Vishny?

• A)measures that help protect the minority right of shareholders.
• B)growth opportunities.
• C)risk associated with expected future dividends.
• D)number of shares outstanding.
• E)all of the above influence dividend policy differences around the world.