What is the fundamental problem with descriptive theories
Question: 1. What is the fundamental problem with descriptive theories such as the dividend clientele and the life cycle theory?
2. What is the empirical challenge in testing whether dividends are a social norm?
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question 1 what is the fundamental problem with descriptive theories such as the dividend clientele and the life cycle
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question 1 can theories of managerial biases explain the dividends puzzle2 what is the empirical difficulty in testing
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