3Anthony,J.H.,Ramesh,K.Association between accounting performance measures and stock price:A test of the life cycle hypothesis.Journal of Accounting and Economics,1992,15(2),pp:203-227.
4De Angelo,H.,De Angelo,L.,Stulz,R.M,2006,Dividend policy and the earned/contributed capital mix:a testof the life-cycle theory.Journal of Financial Economics81,pp:227-254.
5Fama,E.F.and K.R.French,2001.Disappearing Dividends:Change Firm Characteristics or Lower Propensity to Pay?Journal of Financial Economics,60(1):3-43.
6La Porta,R.,F.Lopez-de-Silanes,A.Shleifer,and R.W.Vishny,Agency Problems and Divided Policies Around the World,Journal of Finance,2000.
7Miller M,Modigliani F Dividend policy,growth,and the valuation of shares[J].Journal of Business,1961,34:411-433.
