The main objective of this book is to provide a synthesis of the literature on dividends and dividend policy that is an accessible discussion for students,managers, investors, and others interested in these topics. The books centralfocus concerns how corporate decisions on distribution policy affect shareholder wealth. Using evidence from various methods including survey research, theauthors describe managers views on dividends and how they make dividend policy decisions. The book also documents researchers attempts to model dividend behavior mathematically and relates dividend policy to share prices. Such attempts reflect varying degrees of success and failure. The book concentrates mainly on dividends and share repurchases because they are the principal mechanismsby which corporations distribute cash to shareholders. Although most chaptersdeal with these distribution methods, others cover such dividend-related topics as dividend reinvestment plans, stock splits and stock dividends, and corporate governance. While much dividend research centers on North American financial markets, the book also examines dividend studies from around the world.
- ISBN: 978-0-470-45580-7
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 552
- Fecha Publicación: 13/05/2009
- Nº Volúmenes: 1
- Idioma: Inglés