ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Retention of Profits and Stock Markets-A Comment

Retention of Profits and Stock Markets A Comment L M Bhole IN his reply (December 27, 1980) to my comment ( July 19, 1980) and Patil's Rejoinder (June 21), Chitalc has attempted to defend his earlier proposal of lowering the retention ratio and increasing the dividend payout ratio by Indian joint-stock companies as a means of activising and developing stock markets.

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