36 Dividend Initiations and Earnings Surprises - This paper finds that for newly public firms, earnings increases following the initiation of dividends and earnings surprises for initiating firms are more favorable than those for comparable noninitiating firms. These findings contradict previous findings by suggesting that dividend initiations signal differences in performance between otherwise ...
Year of publication: |
1998
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Authors: | Lipson, Marc L. ; Maquieira, Carlos P. ; Megginson, William |
Published in: |
Financial management. - Malden, Mass. [u.a.] : Wiley-Blackwell, ISSN 0046-3892, ZDB-ID 1860343. - Vol. 27.1998, 3
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