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Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence - Quantitatives Controlling Christian Muller
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Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence - Quantitatives Controlling
Christian Muller
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 Muller assumes that firm's dividend decision conveys useful information to investors.
173 pages, 8 black & white illustrations, 16 black & white tables, biography
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