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OverviewThe 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. 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 Muller s research comprehensively examines the informational role of dividend policy and provides new insights to the corresponding Bayesian investor learning process. Full Product DetailsPublisher: Springer Fachmedien WiesbadenImprint: Springer Fachmedien Wiesbaden ISBN: 9781306541961ISBN 10: 1306541964 Pages: 157 Publication Date: 01 January 2014 Audience: General/trade , General Format: Electronic book text Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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