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Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence
Christian Mueller
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Description for Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence
paperback. Series: Quantitatives Controlling. Num Pages: 162 pages, 8 black & white illustrations, 16 black & white tables, biography. BIC Classification: KFCM. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 10. Weight in Grams: 224.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2013
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
162
Condition
New
Series
Quantitatives Controlling
Number of Pages
137
Place of Publication
, Germany
ISBN
9783658044725
SKU
V9783658044725
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Christian Mueller
Dr. Christian Müller received his doctoral degree from the University of Cologne under the supervision of Prof. Dr. Carsten Homburg (Department of Business Administration and Management Accounting).
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