2J.B.Chay, Jung wonSuh. 2009, "Pay Out policy and cash--flow uncertainty", Journal of financial Economics 93: 88-107.
3La Porta, R, Lopezde-Silanes,F. Shleifer, A., Vishny, R.W. 2000, "Agency Problem and Dividend Policies around the World", Journal of Finance 55(1): 1--33.
4Lintner, J., 1956. Distribut)on of incomes o4 operations among dividends, retained earnings, and taxes. American Economic Review 46, 97 113.
5Dr. Ichak Adizes.Managing Cor- porate Lifecycles [ M ].The Adizes Institute Publishing, 1997.
6Kazanjian, Robert K., Drazin, R- obert.A Reanalysis of Miller and Friesen's Life Cycle Data [J]. Strategic Management Journal, 1990(11).
7Kamarulzaman Ab.Aziz,Stanley Richardson,Nor Azlina Ab.Aziz. Cluster Lifecycle:A Case Study of the Glasgow-Edinburgh Cor- ridor[R].ICMAI 2011,2011.
