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Titlebook: Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence; Christian Müller Book 2014 Springer Fachmedie

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發(fā)表于 2025-3-21 18:26:14 | 只看該作者 |倒序?yàn)g覽 |閱讀模式
書(shū)目名稱Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence
編輯Christian Müller
視頻videohttp://file.papertrans.cn/236/235315/235315.mp4
概述Publication in the field of economic sciences.Includes supplementary material:
叢書(shū)名稱Quantitatives Controlling
圖書(shū)封面Titlebook: Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence;  Christian Müller Book 2014 Springer Fachmedie
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
關(guān)鍵詞? Dividend irrelevance; ? Dividend theories; ? Earnings Persistence; ? Earnings Quality; ? Investor lear
版次1
doihttps://doi.org/10.1007/978-3-658-04473-2
isbn_softcover978-3-658-04472-5
isbn_ebook978-3-658-04473-2Series ISSN 2945-8390 Series E-ISSN 2945-8404
issn_series 2945-8390
copyrightSpringer Fachmedien Wiesbaden 2014
The information of publication is updating

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https://doi.org/10.1007/1-4020-4212-4cy. On the 19. of March 2012 Tim Cook, Apple Incorporation’s designated Chief Executive Officer (CEO) since August 2011, announced the recommencement of quarterly cash dividend distributions to the investment community – after an abstinence of 17 years. The news was very well received by the market,
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Transformations in Modern European Dramanfirming dividend signal in conveying earnings persistence and the a priori investor assessment. In all applied specifications, I quantify the initial investor belief about the persistence of the quarterly earnings surprise by estimated past time-series persistence. In this chapter, I investigate wh
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,The Incremental Importance of Dividend Changes in Signaling Earnings Persistence – A Theoretical AnThe following, comprehensive theoretical analysis on the economic relevance of dividend changes in conveying information about earnings persistence is based on my research study which has been presented at the . in San Francisco, USA, at the ... in Rome, Italy and at the ..., Switzerland.
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