We study the informational content of dividends on three Nordic civil law markets, i.e. on markets where the evidence for dividend catering has been weak. Using aggregate data on real earnings per share and payout ratios, long time series from 1969 to 2010, and methodologies which address...

The global financial sector recently suffered from two interrelated crises: the credit crisis and the sovereign debt crisis. A common question is whether there, for the sovereign debt crisis, has been any lessons learnt from the credit crisis. One interesting specific question is the...

We study the informational content of dividends on three Nordic civil law markets, where other simultaneous but blurring motives for dividends may be weaker. Using aggregate data on real earnings per share and payout ratios, long time series from 1969 to 2010, and methodologies which address...