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Theory and Practice
To order this title, and for more information, click here
By
George Frankfurter, Emeritus, Louisiana State University, Baton Rouge
Bob Wood, Tennessee Technological University, Cookeville, U.S.A
James Wansley, University of Tennessee, Knoxville, U.S.A
Description
Dividend Policy explores the puzzle presented by dividends: irrational and subject to fashion, yet popular and desirable, they remain
a priority among managers, even while perceived as largely symbolic. After exploring the history of dividend payments, from the emergence
of the modern corporation to current perspectives, it traces the evolution of academic models on dividend policy. Here the authors review
models of symmetric and asymmetric information before analyzing academia's accomplishments in solving the dividend puzzle.
Related
subjects, such as valuation and wealth distribution, round out the authors' presentation about new ways to think about one of the most
intriguing subjects in financial economics.
Audience
Professors and students in departments of finance and business; corporate finance staff; financial regulators.
Contents
I. The Historical Evolution of Dividends: The Evolution of the Stock Market and the Modern Corporation in the Netherlands and the United
Kingdom; The Evolution of the Stock Market and the Modern Corporation in the USA; 200 Years of Dividend Practices; Dividend Reinvestment
Plans;
Preferred Stock and Dividends; II. The Evolution of Academic Research on Dividend Policy: Early Academic Thinking and Research;
Models of Symmetric Information and Empirical Research; Models of Asymmetric Information and Empirical Research; Determinants of Dividend
Policies; III. What Academic Research Proves and What It Does Not Prove;
IV. New Ways of Thinking About Dividends and Dividend Policy:
Unconventional Explanations;
Regulated Industries; What If We Do Not Pay Dividends?
Other Methods of Distribution; Future Research and
Thinking
| Bibliographic details |
Hardbound, 384 pages, publication date: MAR-2003
ISBN-13: 978-0-12-266051-1
ISBN-10: 0-12-266051-X
Imprint: ACADEMIC PRESS
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| Price and Ordering |
Price:
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USD 80.95
GBP 53
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Last update: 4 Sep 2009
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