Divided Policy in Perspective
Can Theory Explain Behavior
Bibliographic Data
| ID | 19320150 |
|---|---|
| Authors | Jean Crockett, Irwin Friend |
| Year | 1988 |
| Volume | 70 |
| Issue | 4 |
| Pages | 603 |
| Publication date | 1988-11-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/1935823 |
| OpenAlex | W1996456998 |
| Language | EN |
| Citations received | 1 |
| References cited | 2 |
The contribution of recent research to the explanation of a variety of behavioral findings is examined, with particular attention to tax clientele effects, cross-section studies dependent on capital asset pricing model assumptions, and dividend signaling models. Further relaxation of standard capital market assumptions appears necessary to reconcile behavior with investor and firm rationality: for example, investors in capital-constrained firms may regard capital gains resulting from earnings retention as more risky than current dividends or stockholders may see dividend payment as imposing constraints on management that reduce agency costs. Copyright 1988 by MIT Press
Econometrics · Economics · Mathematical economics · Perspective (graphical) · Positive economics · Artificial Intelligence · Computer Science · Corporate Finance and Governance · Corporate Taxation and Avoidance · Financial Markets and Investment Strategies
| Citations per year | 0.04 |
|---|---|
| Citation span | 2002 - 2002 (1) |
| Highly cited | No |