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Capital Market Valuation of Dividend Policy

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  • Manuel L. Jose
  • Jerry L. Stevens

Abstract

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Suggested Citation

  • Manuel L. Jose & Jerry L. Stevens, 1989. "Capital Market Valuation of Dividend Policy," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 16(5), pages 651-661, December.
    • Handle: RePEc:bla:jbfnac:v:16:y:1989:i:5:p:651-661
    DOI: 10.1111/j.1468-5957.1989.tb00044.x
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    References listed on IDEAS

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    1. Elton, Edwin J & Gruber, Martin J, 1970. "Marginal Stockholder Tax Rates and the Clientele Effect," The Review of Economics and Statistics, MIT Press, vol. 52(1), pages 68-74, February.
    2. Black, Fischer & Scholes, Myron, 1974. "The effects of dividend yield and dividend policy on common stock prices and returns," Journal of Financial Economics, Elsevier, vol. 1(1), pages 1-22, May.
    3. Litzenberger, Robert H & Ramaswamy, Krishna, 1982. "The Effects of Dividends on Common Stock Prices: Tax Effects or Information Effects?," Journal of Finance, American Finance Association, vol. 37(2), pages 429-443, May.
    4. Morgan, Ieuan G, 1982. "Dividends and Capital Asset Prices," Journal of Finance, American Finance Association, vol. 37(4), pages 1071-1086, September.
    5. Roll, Richard, 1978. "Ambiguity when Performance is Measured by the Securities Market Line," Journal of Finance, American Finance Association, vol. 33(4), pages 1051-1069, September.
    6. Miller, Merton H & Scholes, Myron S, 1982. "Dividends and Taxes: Some Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1118-1141, December.
    7. Litzenberger, Robert H. & Ramaswamy, Krishna, 1979. "The effect of personal taxes and dividends on capital asset prices : Theory and empirical evidence," Journal of Financial Economics, Elsevier, vol. 7(2), pages 163-195, June.
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    Cited by:

    1. Nisha Prakash & Yogesh L, 2025. "Market Reaction to Dividend Announcements During Pandemic: An Event Study," Vision, , vol. 29(2), pages 209-217, April.

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