Corporate dividend policy, managerial overconfidence, myopia, and investor irrationality: a complex concoction

Corporate dividend policy is a puzzle, especially when considering the effects of economic and behavioural factors. We develop theoretical analysis corporate in order to analyse complex mix managerial moral hazard, overconfidence, myopia on incentives increase or decrease dividends. Furthermore, we consider effect investor irrationality that drives catering behaviour. investigate how this factors likely affect policy. Our provides deep underpinning understanding these basis for future empirical research.