| 书目名称 | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence |
| 编辑 | Christian Müller |
| 视频video | |
| 概述 | Publication in the field of economic sciences.Includes supplementary material: |
| 丛书名称 | Quantitatives Controlling |
| 图书封面 |  |
| 描述 | 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 Müller assumes that firm’s dividend decision conveys useful information to investors. He shows that investors use dividend changes to revise their a priori expectations about the persistence of a current earnings change. While his theoretical and empirical analyses generally imply that dividend changes constitute informative, but imperfect information signals, he further identifies situations in which they are substantial to investors. Christian Müller’s research comprehensively examines the informational role of dividend policy and provides new insights to the corresponding Bayesian investor learning process. |
| 出版日期 | Book 2014 |
| 关键词 | Dividend irrelevance; Dividend theories; Earnings Persistence; Earnings Quality; Investor lear |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-658-04473-2 |
| isbn_softcover | 978-3-658-04472-5 |
| isbn_ebook | 978-3-658-04473-2Series ISSN 2945-8390 Series E-ISSN 2945-8404 |
| issn_series | 2945-8390 |
| copyright | Springer Fachmedien Wiesbaden 2014 |
发表于 2025-3-21 18:26:14
