SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
A NOTE ON DIVIDEND IRRELEVANCE AND THE GORDON VALUATION MODEL*
15 references·16 citing·28 second hop
A NOTE ON DIVIDEND IRRELEVANCE AND THE GORDON VALUATION MODEL* (1971)A NOTE ON DIVIDEND IRRELEVANCE AND THE GO…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Quantitative Analysis of Financial Decisions. (1970)Quantitative Analysis of Fina…Financial Management and Policy (1969)Financial Management and Poli…LEVERAGE, DIVIDEND POLICY, AND THE COST OF CAPITAL (1968)LEVERAGE, DIVIDEND POLICY, AN…Financial Management and Policy (1968)Financial Management and Poli…Optimal financing decisions (1965)Optimal financing decisionsThe Investment, Financing, and Valuation of the Corporation. (1963)The Investment, Financing, an…The Investment, Financing, and Valuation of the Corporation (1963)The Investment, Financing, an…OPTIMAL INVESTMENT AND FINANCING POLICY* (1963)OPTIMAL INVESTMENT AND FINANC…DIVIDEND POLICY: ITS INFLUENCE ON THE VALUE OF THE ENTERPRISE (1963)DIVIDEND POLICY: ITS INFLUENC…CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)CORPORATE INCOME TAXES AND TH…The Savings Investment and Valuation of a Corporation (1962)The Savings Investment and Va…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …Dividends, Earnings, and Stock Prices (1959)Dividends, Earnings, and Stoc…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Relative Valuation with Machine Learning (2022)Relative Valuation with Machi…A multi-criteria framework for comparing dividend pay capabilities: Evidence from Indian FMCG and consumer durable sector (2022)A multi-criteria framework fo…Assessing the Risks of Asset Overvaluation: Models and Challenges (2017)Assessing the Risks of Asset …Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan (2016)Stock Price Volatility and Ro…DO MOTIVATED INSTITUTIONAL INVESTORS MONITOR FIRM PAYOUT AND PERFORMANCE? (2015)DO MOTIVATED INSTITUTIONAL IN…The Impact of Dividend Policy on Stock Price Volatility in the Tehran Stock Exchange (2014)The Impact of Dividend Policy…The Applicability of the Constant Dividend Model for Companies Listed at the Nairobi Stock Exchange (2011)The Applicability of the Cons…Dividend policy: Reconciling DD with MM☆ (2007)Dividend policy: Reconciling …On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing (2004)On the Importance of Measurin…Estimation and Specification Analysis of Models of Dividend Behavior Based on Censored Panel Data (1992)Estimation and Specification …Payout Policy and Tax Deferral (1991)Payout Policy and Tax DeferralVariables Influencing Dividend Policy In Australia: Survey Results (1989)Variables Influencing Dividen…Corporate Finance under the MM Theorems (1989)Corporate Finance under the M…The Irrelevancy of Dividend Policy in an Arrow-Debreu Economy (1976)The Irrelevancy of Dividend P…Dividend Policy and Capital Market Theory (1976)Dividend Policy and Capital M…Dividend Disbursal Practices in Commercial Banking (1975)Dividend Disbursal Practices …DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Behavior of Stock-Market Prices (1965)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The theory and practice of corporate finance: evidence from the field (2001)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY (1972)The effect of personal taxes and dividends on capital asset prices (1979)Corporate Behavior in Adjusting to Capital Structure and Dividend Targets: An Econometric Study (1984)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Mergers and the Performance of the Acquiring Firm (1983)The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock (1984)Option Exercise Games: An Application to the Equilibrium Investment Strategies of Firms (2002)Law and Finance (1998)A Life Cycle Theory of the Firm (1972)Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature (2014)Stock Market Analysis: A Review and Taxonomy of Prediction Techniques (2019)The Investment Banking Contract For New Issues Under Asymmetric Information: Delegation And The Incentive Problem (1980)Shareholder wealth, information signaling and the specially designated dividend (1983)Tourism Risk and Uncertainty (2014)Intrinsic Bubbles: The Case of Stock Prices (1989)Movements in the Equity Premium (1993)The Finite Horizon Expected Return Model (1997)
this work references cited by second hop

References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1963CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION5,951 cited
  • 1959Dividends, Earnings, and Stock Prices1,301 cited
  • 1963The Investment, Financing, and Valuation of the Corporation958 cited
  • 1969Financial Management and Policy727 cited
  • 1963OPTIMAL INVESTMENT AND FINANCING POLICY*662 cited
  • 1968Financial Management and Policy591 cited
  • 1963The Investment, Financing, and Valuation of the Corporation.483 cited
  • 1962The Savings Investment and Valuation of a Corporation365 cited
  • 1963DIVIDEND POLICY: ITS INFLUENCE ON THE VALUE OF THE ENTERPRISE222 cited
  • 1965Optimal financing decisions185 cited
  • 1970Quantitative Analysis of Financial Decisions.125 cited
  • 1968LEVERAGE, DIVIDEND POLICY, AND THE COST OF CAPITAL104 cited

Cited by

  • 2022Relative Valuation with Machine Learning

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

63 cited
  • 2016Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan55 cited
  • 1992Estimation and Specification Analysis of Models of Dividend Behavior Based on Censored Panel Data52 cited
  • 2014The Impact of Dividend Policy on Stock Price Volatility in the Tehran Stock Exchange51 cited
  • 1976Dividend Policy and Capital Market Theory51 cited
  • 2022A multi-criteria framework for comparing dividend pay capabilities: Evidence from Indian FMCG and consumer durable sector44 cited
  • 1989Variables Influencing Dividend Policy In Australia: Survey Results35 cited
  • 2004On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing30 cited
  • 2015DO MOTIVATED INSTITUTIONAL INVESTORS MONITOR FIRM PAYOUT AND PERFORMANCE?29 cited
  • 1989Corporate Finance under the MM Theorems29 cited
  • 2017Assessing the Risks of Asset Overvaluation: Models and Challenges26 cited
  • 1991Payout Policy and Tax Deferral24 cited
  • 1975Dividend Disbursal Practices in Commercial Banking23 cited
  • 2011The Applicability of the Constant Dividend Model for Companies Listed at the Nairobi Stock Exchange20 cited
  • 2007Dividend policy: Reconciling DD with MM☆20 cited
  • 1976The Irrelevancy of Dividend Policy in an Arrow-Debreu Economy20 cited