firms generally reduced their dividends and market debt‐to‐equity ratio. Adds that all three groups increased their use of …

Summarizes previous valuation models based on accounting information, extends the basic model to include dividends and … retained earnings, and develops hypotheses on the relationship between share prices, dividends and earnings for firms with … that the share prices of firms with high IOS levels are related to retained earnings and less strongly to dividends; while …

jurisdiction of the marginal investor. The stock price changes relative to the dividends are consistent with a tax clientele effect …

strategy arises from the 2003 tax law changes which lowered tax rates on dividends received, while leaving the short‐term tax … returns on stocks higher than implied by the statutory tax rate on dividends by employing a dividend capture strategy which … the full potential for capital gains, while receiving preferential tax treatment on dividends received. Researchers will …

Purpose – To study the perception of dividends by the professional investor, for whom mutual fund managers are a proxy …. The main line of research in dividends is based on using market data that are fit, ex post , to a cherished hypothesis. It … data. An understanding of motivation will give us more insight into the dividend paradox (why shareholders love dividends …

according to whether or not they have changed their dividends and earnings. Prior research has been conducted using US data and … dividends and earnings. Design/methodology/approach – The aims of the paper are addressed using a stock market‐based study of … which cut their dividends along with reporting a reduction of earnings which achieve excellent results over a subsequent …