The Adjustment of Dividends to Permanent Earnings
The formation of permanent earnings expectations in dividend adjustment is considered explicitly. An adjustment model consistent with the rational expectations hypothesis is formulated to analyze corporate dividend behavior. The analysis shows that the proposed rational expectations model is more ge...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1992
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/811 |
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| Institution: | Singapore Management University |
| Language: | English |