Rational Expectations, Information Signalling and Dividend Adjustment to Permanent Earning
We propose a rational signalling model to investigate the information content of dividends. The model provides a direct test on the relation between unexpected dividend and earnings changes. In identifying the component of unexpected dividend changes, we suggest an expectations framework that accoun...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1994
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/804 |
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| Institution: | Singapore Management University |
| Language: | English |