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| Author: | Kumar, P. Lee, B-S. |
| Title: | Discrete dividend policy with permanent earnings |
| Journal: | Financial Management
2001 : AUTUMN, VOL. 30:3, p. 55-76 |
| Index terms: | DIVIDEND POLICY EARNINGS SIGNALING |
| Language: | eng |
| Abstract: | The authors develop an empirically tractable dynamic model of discrete policy based on an inter-temporal coarse signaling framework in which dividend adjustments signal only substantial variations in the permanent earnings of the firm. |
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