The Relevance of Dividend Policy
{"Image DocumentName": "The Relevance of Dividend Policy", "Image ImageDescription": "Dividend Relevance Arguments. Some studies suggested that large dividend changes affect stock price behavior. MM argued, however, that these effects are the result of the information conveyed by these dividend changes, not to the dividend itself. Furthermore, MM argue for the existence of a clientele effect. Investors preferring dividends will purchase high dividend stocks, while those preferring capital gains will purchase low dividend paying stocks. stable income. High growth firm. \u7531\u65bcshareholders get what they want, \u6240\u4ee5MM\u8a8d\u70ba\u80a1\u7968 (\u516c\u53f8) \u50f9\u503c\u4e0d\u53d7\u80a1\u5229\u653f\u7b56\u5f71\u97ff.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}