Dividend Irrelevance and Accounting Models of Value
نویسندگان
چکیده
منابع مشابه
Dividend Irrelevance and Accounting Models of Value
In accounting models of value, dividends typically appear to have a strong positive relationship with value despite theoretical reasons to expect dividend displacement. We show that this result is driven by the relationship between dividends and both core earnings and other information derived from the valuation error in the prior year. Where core earnings can be effectively modelled in a speci...
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ژورنال
عنوان ژورنال: Journal of Business Finance & Accounting
سال: 2013
ISSN: 0306-686X
DOI: 10.1111/jbfa.12032