Dividend policy : theory and practice / George M. Frankfurter and Bob G. Wood ; [contributions] by James Wansley.

Includes bibliographical references and index.

Part I. The historical evolution of dividends. Chapter 1. Introduction --- Chapter 2. The Evolution of the Modern Corporation in the Netherlands and the United Kingdom --- Chapter 3. The Evolution of the Modern Corporation in the United States of America --- Chapter 4. 200 Years of Dividend Practices --- Chapter 5. Dividend Reinvestment Plans: A Puzzle within the Puzzle --- Chapter 6. Preferred Stock and Dividends: A Revealing Divergence ---- Part II. The evolution of academic research on dividend policy. Chapter 7. Early Academic Thinking and Research --- Chapter 8. Models of Symmetric Information and Empirical Research --- Chapter 9. Models of Asymmetric Information and Empirical Research --- Chapter 10. Determinants of Dividend Policies --- Part III. What academic research proves and what it does not prove. Chapter 11. The "Balance Sheet" of Academic Research: What It Does/Does Not Prove --- Appendix A. Method of Analysis Abbreviations ---- Part IV. New ways of thinking about dividends and dividend policy. Chapter 12. Unconventional Explanations --- Chapter 13. Dividend Policy of Regulated Industries --- Chapter 14. What if We Do Not Pay Dividends? --- Chapter 15. Other Methods of Distribution --- Appendix A. Stock Dividend Survery --- Chapter 16. Conclusions: Future Research and Thinking.

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. * The only comprehensive study of dividend policy * Covers the historical evolution of dividends and academic research on dividend policy * Presents new ways of thinking about dividends and dividend policy.

Print version record.

eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - Worldwide