The purpose of the article is to analyze the relationship among dividend policy,future earnings and growth opportunities.And the results are below:
1.Total dividend and cash dividend can predict future earnings,but stock dividend can only reflect current earnings
2.total dividend and stock dividend are signaling effect,but I have a diffent result in cash dividend.
Using MBA,MBE and E/P as substitute variables,it is contracting effect.But using R&D as a substitute variable,it is signaling effect.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0607104-140032 |
| Date | 07 June 2004 |
| Creators | Chien, Ming-Jr |
| Contributors | Jen-Jsung Huang, David Shyu, Henry Y. Lo |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0607104-140032 |
| Rights | withheld, Copyright information available at source archive |
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