We examine the impact of dividend and earnings announcement on the value of the firm in a multi-period setting where investors are able to learn from past announcements.
Earnings Information and the Determination of Dividend Policy,' The Journal of Economics and Business, Vol. 43, No. 3 (1991), 197-214.
BAR-YOSEF, SASSON;
1991
Abstract
We examine the impact of dividend and earnings announcement on the value of the firm in a multi-period setting where investors are able to learn from past announcements.
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