The Role of Earnings Information in Corporate Dividend Decisions
This paper examines the role of earnings information in the determination of dividend policy. It decomposes accounting earnings into permanent and transitory components and postulates that dividend policy is driven by sustainable permanent earnings. Two measures of permanent earnings are proposed. T...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1998
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/800 |
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| Institution: | Singapore Management University |
| Language: | English |