With the continuing phenomena of earnings restatements and the extensive use of earnings as a component of forecasting future operating performance, it is important to determine if such restatements fundamentally alter the predictive ability of firms' earnings. This paper investigates whether...

The most widely accepted empirical dividend model is that proposed by Lintner, who argued that firms smooth dividends over time. Many theoretical dividend models, however, either predict that dividends should be highly variable, or at least offer no support for the smoothing hypothesis. We use a...

The most widely accepted empirical dividend model is that proposed by Lintner, who argued that firms smooth dividends over time. Many theoretical dividend models, however, either predict that dividends should be highly variable, or at least offer no support for the smoothing hypothesis. We use a...