Raei, Reza; Moradi, Mahammad; Eskandar, Hoda - In: Journal of applied finance & banking 2 (2012) 4, pp. 13-24
, the focus is on empirical test of signaling theory. This theory says that the payment of dividends provides information … operating characteristics (return, performance and earning). Therefore, linear regression models were fitted. Results showed … dividend and earning. It means that dividend has information content about return and earning and so, signaling theory was …