Chiang, Kevin; Frankfurter, George M.; Kosedag, Arman; … - In: Managerial Finance 32 (2006) 1, pp. 60-81
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 …