Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence

• Κύριος συγγραφέας: Müller, Christian (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2014.
• Σειρά: Quantitatives Controlling
• Θέματα: Business.; Management science.; Accounting.; Bookkeeping.; Finance.; Business and Management.; Accounting/Auditing.; Business and Management, general.; Finance, general.

The stylized facts that firms pay and investors react to dividends disregard dividend neutrality. Taking on the perspective that informational asymmetries are the central determinant for dividend value relevance, Christian Müller assumes that firm’s dividend decision conveys useful information to in...