FINANCIAL FLEXIBILITY AND FINANCIAL POLICY
Journal: Educational Research International (Vol.6, No. 2)Publication Date: 2017-05-15
Authors : Zi-xu Liu;
Page : 90-95
Keywords : Financial flexibility; Financial Policy; Payout Policy; Leverage Policy;
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.
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Last modified: 2017-09-10 01:47:00