Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence:
Gespeichert in:
1. Verfasser: | |
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Format: | Abschlussarbeit Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Wiesbaden
Springer Gabler
2014
|
Schriftenreihe: | Quantitatives Controlling
|
Schlagworte: | |
Online-Zugang: | DE-522 DE-634 DE-Aug4 DE-573 DE-M347 DE-92 DE-898 DE-859 DE-1049 DE-861 DE-863 DE-862 DE-2070s DE-473 DE-19 DE-703 DE-706 DE-739 Volltext Abstract |
Beschreibung: | Online-Ressource (XXV, 137 p. 8 illus, online resource) |
ISBN: | 9783658044732 |
DOI: | 10.1007/978-3-658-04473-2 |
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Datensatz im Suchindex
DE-BY-FWS_katkey | 500991 |
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adam_text |
CONFIRMING DIVIDEND CHANGES AND THE NON-MONOTONIC INVESTOR REVISION OF
EARNINGS PERSISTENCE
/ MUELLER, CHRISTIAN
: 2014
ABSTRACT / INHALTSTEXT
THE STYLIZED FACTS THAT FIRMS PAY AND INVESTORS REACT TO DIVIDENDS
DISREGARD DIVIDEND NEUTRALITY. TAKING ON THE PERSPECTIVE THAT
INFORMATIONAL ASYMMETRIES ARE THE CENTRAL DETERMINANT FOR DIVIDEND VALUE
RELEVANCE, CHRISTIAN MUELLER ASSUMES THAT FIRM’S DIVIDEND DECISION
CONVEYS USEFUL INFORMATION TO INVESTORS. HE SHOWS THAT INVESTORS USE
DIVIDEND CHANGES TO REVISE THEIR A PRIORI EXPECTATIONS ABOUT THE
PERSISTENCE OF A CURRENT EARNINGS CHANGE. WHILE HIS THEORETICAL AND
EMPIRICAL ANALYSES GENERALLY IMPLY THAT DIVIDEND CHANGES CONSTITUTE
INFORMATIVE, BUT IMPERFECT INFORMATION SIGNALS, HE FURTHER IDENTIFIES
SITUATIONS IN WHICH THEY ARE SUBSTANTIAL TO INVESTORS. CHRISTIAN
MUELLER’S RESEARCH COMPREHENSIVELY EXAMINES THE INFORMATIONAL ROLE OF
DIVIDEND POLICY AND PROVIDES NEW INSIGHTS TO THE CORRESPONDING BAYESIAN
INVESTOR LEARNING PROCESS. CONTENTS N DIVIDEND IRRELEVANCE AND
COMPETING DIVIDEND THEORIES N INCREMENTAL IMPORTANCE OF DIVIDEND
CHANGES IN SIGNALING EARNINGS PERSISTENCE – THEORETICAL AND EMPIRICAL
ANALYSIS N MEASURING A PRIORI INVESTOR KNOWLEDGE ABOUT EARNINGS
PERSISTENCE TARGET GROUPS ACADEMICS AND STUDENTS IN
THE FIELDS OF FINANCE AND ACCOUNTING CORPORATE
MANAGERS, INVESTMENT PROFESSIONALS, AND ANYONE INTERESTED IN THE
IMPLICATIONS OF PAYOUT POLICY THE AUTHOR DR. CHRISTIAN MUELLER
RECEIVED HIS DOCTORAL DEGREE FROM THE UNIVERSITY OF COLOGNE UNDER THE
SUPERVISION OF PROF. DR. CARSTEN HOMBURG (DEPARTMENT OF BUSINESS
ADMINISTRATION AND MANAGEMENT ACCOUNTING).
DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT. |
any_adam_object | 1 |
author | Müller, Christian |
author_facet | Müller, Christian |
author_role | aut |
author_sort | Müller, Christian |
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discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1007/978-3-658-04473-2 |
format | Thesis Electronic eBook |
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oclc_num | 867052219 |
open_access_boolean | |
owner | DE-703 DE-739 DE-1049 DE-92 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-19 DE-BY-UBM DE-Aug4 DE-859 DE-M347 DE-898 DE-BY-UBR DE-634 DE-2070s DE-473 DE-BY-UBG DE-522 DE-861 DE-573 DE-706 |
owner_facet | DE-703 DE-739 DE-1049 DE-92 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-19 DE-BY-UBM DE-Aug4 DE-859 DE-M347 DE-898 DE-BY-UBR DE-634 DE-2070s DE-473 DE-BY-UBG DE-522 DE-861 DE-573 DE-706 |
physical | Online-Ressource (XXV, 137 p. 8 illus, online resource) |
psigel | ZDB-2-SBE |
publishDate | 2014 |
publishDateSearch | 2014 |
publishDateSort | 2014 |
publisher | Springer Gabler |
record_format | marc |
series2 | Quantitatives Controlling |
spellingShingle | Müller, Christian Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence Management Wirtschaft Economics Auditing Economics/Management Science Führungsentscheidung (DE-588)4390843-3 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Dividendenpolitik (DE-588)4070510-9 gnd Investor Relations (DE-588)4331168-4 gnd Asymmetrische Information (DE-588)4120934-5 gnd |
subject_GND | (DE-588)4390843-3 (DE-588)4078594-4 (DE-588)4070510-9 (DE-588)4331168-4 (DE-588)4120934-5 (DE-588)4113937-9 |
title | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence |
title_auth | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence |
title_exact_search | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence |
title_full | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence Christian Müller |
title_fullStr | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence Christian Müller |
title_full_unstemmed | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence Christian Müller |
title_short | Confirming Dividend Changes and the Non-Monotonic Investor Revision of Earnings Persistence |
title_sort | confirming dividend changes and the non monotonic investor revision of earnings persistence |
topic | Management Wirtschaft Economics Auditing Economics/Management Science Führungsentscheidung (DE-588)4390843-3 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Dividendenpolitik (DE-588)4070510-9 gnd Investor Relations (DE-588)4331168-4 gnd Asymmetrische Information (DE-588)4120934-5 gnd |
topic_facet | Management Wirtschaft Economics Auditing Economics/Management Science Führungsentscheidung Unternehmensbewertung Dividendenpolitik Investor Relations Asymmetrische Information Hochschulschrift |
url | https://doi.org/10.1007/978-3-658-04473-2 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027032893&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT mullerchristian confirmingdividendchangesandthenonmonotonicinvestorrevisionofearningspersistence |