Tests of Dividend Signalling Using the Marsh-Merton Model: A Generalized Friction Approach

Tests of Dividend Signalling Using the Marsh-Merton Model: A Generalized Friction Approach

In this article, we propose a generalized friction model to test the information effect of dividends. The proposed model resolves the problem of dividend stickiness in the time-series data and provides a more reliable estimate for the relation between unexpected changes in dividends and earnings. Un...

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書目詳細資料
Main Authors:	WU, Chunchi, Kao, C.
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 1994
主題:	Business
在線閱讀:	https://ink.library.smu.edu.sg/lkcsb_research/806
標簽:	添加標簽沒有標簽, 成為第一個標記此記錄!
機構:	Singapore Management University
語言:	English

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