Assertion: fund's shareholder | /r/Desires | manager
Facets:
value: as a general rule
type: MANNER
value: to retain earnings
type: PURPOSE
Source sentences:
text: As a general rule, shareholders of growth companies would prefer managers to retain earnings and pay no dividends (use excess cash to reinvest into the company's operations), whereas shareholders of value or secondary stocks would prefer the management of these companies to payout surplus earnings in the form of cash dividends when a positive return cannot be earned through the reinvestment of undistributed earnings.