The Dividend Puzzle: Are Shares Entitled to the Residual?

Greenwood, Daniel J. H.
September 2006
Journal of Corporation Law;Fall2006, Vol. 32 Issue 1, p103
Academic Journal
The article focuses on the distribution of dividends of business enterprises in the U.S. It highlights the division of powers of the stock market, board of directors, and shareholders of a corporate entity. The article talks about a perfect model of achieving organizational goals with equivalent surplus distribution among the shareholders of the company. Shareholders' rights for strengthening the corporate-governance structure of the company have been discussed.


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