A Further Empirical Investigation of the Dividend Adjustment Process
This paper analyzes the dividend adjustment process in the presence of cost of adjustment and information uncertainty. It proposes an integrated model consistent with the practical decision process to characterize the dividend adjustment process. It is analytically demonstrated that the residual the...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1987
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/819 |
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| Institution: | Singapore Management University |
| Language: | English |