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SOME DIRECT EVIDENCE ON THE DIVIDEND CLIENTELE PHENOMENON

Authors

  • Wilbur G. Lewellen,

  • Kenneth L. Stanley,

  • Ronald C. Lease,

  • Gary G. Schlarbaum

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    • The authors are, respectively: Professor of Management at Purdue University; Assistant Professor of Finance at Emory University; Associate Professor of Finance at the University of Utah; Associate Professor of Management at Purdue. While accepting full responsibility for the findings and their interpretation, the authors are indebted to the National Bureau of Economic Research, the Investment Company Institute, and the Purdue Research Foundation, for financial support for the investigation.

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