Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence: 3 (Quantitatives Controlling)

by Christian Müller (Author), Christian Müller (Author)

• New

  Paperback
  2013

  $81.22

  The stylized facts that firms pay and investors react to dividends disregard dividend neutrality. Taking on the perspective that informational asymmetries are the central determinant for dividend value relevance, Christian Muller assumes that firm's dividend decision conveys useful information to investors.