The Role of Earnings Information in Corporate Dividend Decisions
Published Online:1 Dec 1998https://doi.org/10.1287/mnsc.44.12.S173
References
- Quarterly dividend and earnings announcement and stockholders returns: An empirical analysis. J. Finance (1980) 35:1–12Crossref, Google Scholar
- Permanent versus transitory components of annual earnings and estimation error in earnings response coefficients. J. Accounting Econom. (1992) 15:249–264Crossref, Google Scholar
- The impact of initiating dividend payments on shareholder's wealth. J. Bus. (1983) 56:77–95Crossref, Google Scholar
- Imperfect information dividend policy, and “the bird in the hand fallacy.”. Bell J. Econom. (1979) 10:259–270Crossref, Google Scholar
- Evidence that stock prices do not fully reflect the implications of current earnings for future earnings. J. Accounting Econom. (1990) 13:305–340Crossref, Google Scholar
- A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the business cycle. J. Monetary Econom. (1981) 7:151–174Crossref, Google Scholar
- The information content of security prices. J. Accounting Econom. (1987) 9:139–157Crossref, Google Scholar
- Time-Series Analysis: Forecasting and Control (1970) (Holden Day, San Francisco)Google Scholar
- Earnings forecasting research: Its implications for capital markets research. Internat. J. Forecasting (1993) 9:295–320Crossref, Google Scholar
- Univariate time series models of quarterly accounting earnings per share: A proposed model. J. Accounting Res. (1979) 17:179–189Crossref, Google Scholar
- Random level-shift time series models, ARIMA approximations, and level-shift detection. J. Bus. Econom. Statist. (1990) 8:83–97Google Scholar
- The dynamics of dividends, earnings and stock prices: Evidence and implications for dividend smoothing and signaling. J. Empirical Finance (1998) . ForthcomingGoogle Scholar
- Dividend policy: An empirical analysis. J. Amer. Statist. Assoc. (1968) 63:1132–1161Crossref, Google Scholar
- Quarterly accounting data: Time-series properties and predictive-ability results. Accounting Rev. (1977) 52:1–21Google Scholar
- Corporate signaling external accounting, and capital market equilibrium: Evidence on dividends, income, and extraordinary items. J. Accounting Res. (1978) 16:26–79Crossref, Google Scholar
- The time-series behavior of quarterly earnings: Preliminary evidence. J. Accounting Res. (1977) 15:71–83Crossref, Google Scholar
- An ordered probit analysis of transaction stock price. J. Financial Econom. (1992) 31:319–379Crossref, Google Scholar
- Earnings information conveyed by dividend initiations and omissions. J. Financial Econom. (1988) 21:149–175Crossref, Google Scholar
- Likelihood function of stationary multiple autoregressive moving average models. J. Amer. Statist. Assoc. (1979) 74:652–660Crossref, Google Scholar
- Dividends, dilution, and taxes: A signaling equilibrium. J. Finance (1985) 40:1053–1070Crossref, Google Scholar
- Tests of dividend signaling using the Marsh-Merton model: A generalized friction approach. J. Bus. (1994a) 67:45–68Crossref, Google Scholar
- Rational expectations, information signaling and dividend adjustment to permanent earnings. Rev. Econom. Statist. (1994b) 76:490–502Crossref, Google Scholar
- Shareholder-manager conflict and the information content of dividends. Rev. Financial Stud. (1988) 1:111–136Crossref, Google Scholar
- A further empirical investigation of the dividend adjustment process. J. Econometrics (1987) 35:267–285Crossref, Google Scholar
- Distribution of income of corporations among dividends retained earnings, and taxes. Amer. Econom. Rev. (1956) 46:97–113Google Scholar
- Limited-Dependent and Qualitative Variables in Econometrics (1983) (Cambridge University Press, Cambridge) Crossref, Google Scholar
- Dividend behavior for the aggregate stock market. J. Bus. (1987) 60:1–40Crossref, Google Scholar
- Dividend policy under asymmetric information. J. Finance (1985) 40:1031–1051Crossref, Google Scholar
- Consistent estimates of autoregressive parameters and extended sample autocorrelation function for stationary and nonstationary ARMA models. J. Amer. Statist. Assoc. (1984) 79:84–96Crossref, Google Scholar
- The information content of dividends. J. Bus. (1973) 46:191–211Crossref, Google Scholar

