1. Introduction

The previous chapters have covered the most important issues surrounding the firm's payout policy. In particular, we have addressed the following two main questions:

 

  • How much should firms pay out?
  • How should firms return money to their shareholders?

  

The purpose of this section is to summarize the main takeaways of this module in a systematic approach and to discuss their relevance in the interplay with the firm's investment policy and financing policy.