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Dividend Behavior and Dividend Signaling

The Journal of Financial and Quantitative Analysis, 2000
We analyze the dividend behaviour of the aggregate stock market. We propose a model that assumes managers minimize the costs of adjustment associated with being away from their target dividend payout. The target is expressed as a function of lagged stock prices and permanent earnings, generalizing previous models of dividend behaviour. We present a new
Garrett, Ian, Priestley, R.
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Dividends and politics

European Journal of Political Economy, 2005
Influential contributors to debates concerning corporate governance assert that it is impossible to understand key trends without taking politics into account. This proposition has, however, remained largely untested. This paper therefore offers an empirical study of the relation between politics and corporate governance, with the focus being on the ...
Steven A. Bank   +2 more
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Dividends and Losses

The Journal of Finance, 1992
ABSTRACTAn annual loss is essentially a necessary condition for dividend reductions in firms with established earnings and dividend records: 50.9% of 167 NYSE firms with losses during 1980–1985 reduced dividends, versus 1.0% of 440 firms without losses.
DeAngelo, Harry   +2 more
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Dividend Spreads

The Journal of Business, 1988
This article does four things: it calls attention to an important phenomenon heretofore unmentioned in the literature, that is, the dividend spread; it presents open-interest and early-exercise d ata for in-the-money calls around ex dividend dates; it demonstrates that previous results concerning the efficiency of the options market around the ex ...
Castanias, Rick   +2 more
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