Empirical Evidence on Dividends as a Signal of Firm Value

An introduction to probability theory and its applications

1958 • 31,109 citations

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

The Cost of Capital, Corporation Finance and the Theory of Investment

1958 • 15,488 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

Job Market Signaling

1973 • 12,677 citations

Dividend Policy, Growth, and the Valuation of Shares

1961 • 6,581 citations

The relationship between return and market value of common stocks

1981 • 6,052 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES

1956 • 3,496 citations

Measuring security price performance

1980 • 3,397 citations

Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy

1979 • 2,777 citations

Stock returns and the weekend effect

1980 • 1,965 citations

Misspecification of capital asset pricing

1981 • 1,344 citations

Day of the Week Effects and Asset Returns

1981 • 1,198 citations

Foundations of Finance.

1977 • 1,197 citations

An Empirical Investigation of the Arbitrage Pricing Theory

1980 • 1,152 citations

Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis

1980 • 1,082 citations

Studies in the Theory of Capital Markets.

1973 • 1,060 citations

Information and Competitive Price Systems

1976 • 902 citations

Anomalies in relationships between securities' yields and yield-surrogates

1978 • 779 citations

Common stock repurchases

1981 • 737 citations

The Information Content of Dividends

1973 • 636 citations

Competitive and optimal responses to signals: An analysis of efficiency and distribution

1974 • 628 citations

DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY

1972 • 624 citations

The effects of capital structure change on security prices

1980 • 541 citations

Dividend information, stock returns and market efficiency-II

1978 • 435 citations

Signaling and the Valuation of Unseasoned New Issues

1982 • 379 citations

Nondissipative Signaling Structures and Dividend Policy

1980 • 287 citations

Corporate Signaling, External Accounting, and Capital Market Equilibrium: Evidence on Dividends, Income, and Extraordinary Items

1978 • 281 citations

Signaling, Information Content, and the Reluctance to Cut Dividends

1980 • 182 citations

The Determination of Partial Moments

1972 • 152 citations

On the Informational Content of Dividends

1976 • 121 citations

The Impact of Dividend and Earnings Announcements: A Reconciliation

1976 • 98 citations

COMPETITIVE INFORMATION IN THE STOCK MARKET: AN EMPIRICAL STUDY OF EARNINGS, DIVIDENDS AND ANALYSTS' FORECASTS*

1976 • 90 citations

Asymmetric Information, Signaling, and Optimal Corporate Financial Decisions

1981 • 60 citations

A Normative Approach to Bank Capital Adequacy

1980 • 18 citations

A THEORETICAL AND EMPIRICAL STUDY OF EARNINGS UNCERTAINTY AS A DETERMINANT OF THE DIVIDEND PAYOUT DECISION

1980 • 1 citations

Deleted Work

1955 • 0 citations