We propose an explanation for the "disappearing dividend" phenomenon: the decline in the information content of dividend announcements. This reduces the propensity of firms to pay or increase dividends, since dividends are costly.(...)

We propose an explanation for the disappearing dividend phenomenon: the decline in the information content of dividend announcements. This reduces the propensity of firms to pay or increase dividends, since dividends are costly. The decline in the information content of dividend, is partly...

We propose an explanation for the quot;disappearing dividendquot; phenomenon: the decline in the information content of dividend announcements. This reduces the propensity of firms to pay or increase dividends, since dividends are costly. The decline in the information content of dividend, is...

We propose an explanation for the acirc;not;Sdisappearing dividendacirc;not;? phenomenon: the decline in the information content of dividend announcements. It reduces the propensity of firms to pay or increase dividends, since dividends are costly. A reason for the decline in the information...

We propose an explanation for the “disappearing dividend” phenomenon: a decline in the information content of dividend announcements, which reduces the propensity of firms to use dividends as a costly signal. A reason for a decline in the information content of dividends is the rise in...