Charitou, Andreas; Vafeas, Nikos - In: Journal of Business Finance & Accounting 25 (1998-01) 1&2, pp. 225-249
The Association between earnings and dividend changes has been established since Lintner's (1956) pioneering work. Subsequent research attempted to establish an association between operating cash flows and dividend changes, given earnings, without success (Simons, 1994). Recently, there has been...