23. Dividend Policy Decisions

  1. H. Kent Baker and
  2. John R. Nofsinger
  1. Itzhak Ben David

Published Online: 29 NOV 2011

DOI: 10.1002/9781118258415.ch23

Behavioral Finance: Investors, Corporations, and Markets

Behavioral Finance: Investors, Corporations, and Markets

How to Cite

David, I. B. (2010) Dividend Policy Decisions, in Behavioral Finance: Investors, Corporations, and Markets (eds H. K. Baker and J. R. Nofsinger), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118258415.ch23

Author Information

  1. Assistant Professor of Finance, the Ohio State University

Publication History

  1. Published Online: 29 NOV 2011
  2. Published Print: 20 SEP 2010

ISBN Information

Print ISBN: 9780470499115

Online ISBN: 9781118258415

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Keywords:

  • dividends;
  • shareholders;
  • policy decisions;
  • corporate policy;
  • agency problems

Summary

This chapter contains sections titled:

  • Introduction

  • The Dividends Puzzle: Stylized Facts

  • Descriptive Theories of Dividends

  • Behavioral Biases as Explanations for Dividends

  • The Inertia-Based Explanation for Dividends

  • Summary and Conclusions

  • Discussion Questions

  • About the Author