CORPORATE DIVIDEND POLICY AND THE PARTIAL ADJUSTMENT MODEL

被引：5
|
作者：
BOND, MT
MOUGOUE, M
机构：
来源：
JOURNAL OF ECONOMICS AND BUSINESS | 1991年 / 43卷 / 02期
关键词：
D O I：
10.1016/0148-6195(91)90016-P
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This article critiques Lintner's partial adjustment dividend model in terms of characterizing corporate dividend policy. It is first shown that many combinations of target rates and speeds of adjustment will produce the same stream of cash dividends over time. It is then established empirically from earnings and dividend data that the partial adjustment model gives results that are not unique. © 1991.
引用
收藏
页码：165 / 178
页数：14
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