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An Examination of the Free Cash Flow and Information/Signaling Hypotheses Using Unexpected Dividend Changes Inferred from Option and Stock Prices: The Case of Regular Dividend Increases
16 references·0 citing·39 second hop
An Examination of the Free Cash Flow and Information/Signaling Hypotheses Using Unexpected Dividend Changes Inferred from Option and Stock Prices: The Case of Regular Dividend Increases (2011)An Examination of the Free Cash Flow and …The Information Content of Share Repurchase Programs (2004)The Information Content of Sh…Are Dividend Changes a Sign of Firm Maturity? (2002)Are Dividend Changes a Sign o…Forecasting Profitability and Earnings (2000)Forecasting Profitability and…Corporate Cash Reserves and Acquisitions (1999)Corporate Cash Reserves and A…Do Changes in Dividends Signal the Future or the Past? (1997)Do Changes in Dividends Signa…Timing, investment opportunities, managerial discretion, and the security issue decision (1996)Timing, investment opportunit…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …Free Cash Flow and Stockholder Gains in Going Private Transactions (1989)Free Cash Flow and Stockholde…Earnings information conveyed by dividend initiations and omissions (1988)Earnings information conveyed…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Dividends, Dilution, and Taxes: A Signalling Equilibrium (1985)Dividends, Dilution, and Taxe…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…The Impact of Initiating Dividend Payments on Shareholders' Wealth (1983)The Impact of Initiating Divi…Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis (1980)Quarterly Dividend and Earnin…Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy (1979)Imperfect Information, Divide…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …The Cost of Capital, Corporation Finance and the Theory of Investment (1958)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)Common risk factors in the returns on stocks and bonds (1993)Why do firms pay dividends? International evidence on the determinants of dividend policy☆ (2008)Product Market Threats, Payouts, and Financial Flexibility (2012)American Economic Review (2019)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A test of the free cash flow hypothesis (1991)Interorganizational Imitation: The Impact of Interlocks on Corporate Acquisition Activity (1993)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Social Responsibility as a Conflict Between Shareholders (2010)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)In Search of New Foundations (2000)Dividends, Share Repurchases, and the Substitution Hypothesis (2002)A Catering Theory of Dividends (2004)Using daily stock returns (1985)The effects of management buyouts on operating performance and value (1989)Size and Book-to-Market Factors in Earnings and Returns (1995)Capital markets research in accounting (2001)Inherited Control and Firm Performance (2006)Inside the Family Firm: The Role of Families in Succession Decisions and Performance (2007)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)Determinants of corporate borrowing (1977)An Empirical Evaluation of Accounting Income Numbers (1968)Efficient Capital Markets: II (1991)Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? (1995)Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? (1995)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Cash Flow Sensitivity of Cash (2004)Over-investment of free cash flow (2006)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)
this work references cited by second hop

References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1979Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy2,809 cited
  • 1999Corporate Cash Reserves and Acquisitions2,066 cited
  • 1996Detecting abnormal operating performance: The empirical power and specification of test statistics1,609 cited
  • 1985Dividends, Dilution, and Taxes: A Signalling Equilibrium1,425 cited
  • 1980Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis1,147 cited
  • 1989Free Cash Flow and Stockholder Gains in Going Private Transactions1,097 cited
  • 2002Are Dividend Changes a Sign of Firm Maturity?1,052 cited
  • 1997Do Changes in Dividends Signal the Future or the Past?995 cited
  • 1996Timing, investment opportunities, managerial discretion, and the security issue decision926 cited
  • 2000Forecasting Profitability and Earnings857 cited
  • 1988Earnings information conveyed by dividend initiations and omissions828 cited
  • 2004The Information Content of Share Repurchase Programs

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823 cited
  • 1983The Impact of Initiating Dividend Payments on Shareholders' Wealth809 cited
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