Efficient Signalling with Dividends and Investments

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

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

1979 • 2,777 citations

Price and Advertising Signals of Product Quality

1986 • 2,289 citations

Incentive Compatibility and the Bargaining Problem

1979 • 2,028 citations

Nonlinear Programming

1994 • 1,726 citations

GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS

1982 • 1,678 citations

Equity issues and offering dilution

1986 • 1,479 citations

Dividends, Dilution, and Taxes: A Signalling Equilibrium

1985 • 1,404 citations

The effect of personal taxes and dividends on capital asset prices

1979 • 1,248 citations

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

1980 • 1,082 citations

Common stock repurchases and market signalling

1981 • 1,054 citations

The effects of dividend yield and dividend policy on common stock prices and returns

1974 • 1,034 citations

Seasoned equity offerings

1986 • 943 citations

Marginal Stockholder Tax Rates and the Clientele Effect

1970 • 922 citations

Dividend Policy: An Empirical Analysis

1968 • 891 citations

Corporate capital expenditure decisions and the market value of the firm

1985 • 874 citations

The Impact of Initiating Dividend Payments on Shareholders' Wealth

1983 • 835 citations

Dividends and taxes

1978 • 760 citations

Common stock repurchases

1981 • 737 citations

Efficient and Durable Decision Rules with Incomplete Information

1983 • 691 citations

Dividends and Taxes: Some Empirical Evidence

1982 • 684 citations

DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY

1972 • 624 citations

A Simple Approach to the Valuation of Risky Streams

1978 • 602 citations

Informational Equilibrium

1979 • 588 citations

Resource Allocation Under Asymmetric Information

1981 • 455 citations

The intraday speed of adjustment of stock prices to earnings and dividend announcements

1984 • 450 citations

The Ex‐Dividend Day Behavior of Stock Prices: A Re‐Examination of the Clientele Effect

1982 • 436 citations

Dividend information, stock returns and market efficiency-II

1978 • 435 citations

A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends

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Recent Advances in Corporate Finance.

1986 • 410 citations

Convertible debt issuance, capital structure change and financing-related information

1984 • 410 citations

The Effects of Dividends on Common Stock Prices Tax Effects or Information Effects?

1982 • 393 citations

A comparison of equity carve-outs and seasoned equity offerings

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Security Analysis: Principles and Technique.

1963 • 380 citations

On interpreting security returns during the ex-dividend period

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New Evidence That Taxes Affect the Valuation of Dividends

1984 • 299 citations

Nondissipative Signaling Structures and Dividend Policy

1980 • 287 citations

Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes

1980 • 273 citations

Introduction to Financial Management

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A Sequential Signalling Model of Convertible Debt Call Policy

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Corporate Dividend Policy.

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To Pay or Not to Pay Dividend*

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The Influence of Expectations and Liquidity on Dividend Policy

1957 • 94 citations

Costly Contracting and Optimal Payout Constraints

1982 • 88 citations

The Ex‐Dividend Day Behavior of Stock Returns: Further Evidence on Tax Effects

1982 • 69 citations

Direct evidence on the marginal rate of taxation on dividend income

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Stock Issues and Investment Policy When Firms Have Information That Investors Do Not Have

1982 • 46 citations

Introduction to Financial Management.

1979 • 44 citations

The effect of common stock repurchase on securityholder returns

1980 • 41 citations

Determinants of Corporate Dividend Policies.

1962 • 3 citations