Dong, M.; Robinson, C.; Veld, C.H. - Tilburg University, Center for Economic Research - 2003
resolution theory of Gordon (1961, 1962) and the agency theories of Jensen (1986) and Easterbrook (1984).In contrast, a very … finance theory of Shefrin and Statman (1984) is not confirmed for cash dividends but is confirmed for stock dividends …