Do Firms Use Dividend Changes to Signal Future Earnings? An Investigation Based on Market Rationality
نویسندگان
چکیده
منابع مشابه
Dividend Changes Do Not Signal Changes in Future Profitability
One of the most important issues in corporate finance is whether dividend changes contain information about future earnings and profitability. Although dividend signaling theories imply that dividend increases signal better prospects (e.g., Bhattacharya 1979; John and Williams 1985; andMiller and Rock 1985), many empirical studies have failed to support this idea. Studies by Watts (1973), Goned...
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2017
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v9n4p20