Why are dividends sticky?
This dissertation investigates the sluggish adjustment process of dividend payment in the stock market. First, I focus on the individual stocks. A casual investigation of observed dividends for individual stocks shows dividend adjustments are sluggish and discrete; this is not consistent with the Li...
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| Format: | Others |
| Language: | en_US |
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Texas A&M University
2005
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| Online Access: | http://hdl.handle.net/1969.1/2698 |