How Do Dividend Announcements Affect Bondholder and Shareholder Wealth?
Dividend payments to shareholders can create conflicts between debt and equity investors as these payments can expropriate wealth from bondholders to shareholders. However, dividend payments can also serve as a signal regarding firms' future earnings. Utilizing both improved bond event study te...
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| Language: | en_US |
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University of Oregon
2014
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| Online Access: | http://hdl.handle.net/1794/18544 |