@article{696610,
      recid = {696610},
      author = {Müller, Christian,},
      title = {Confirming dividend changes and the non-monotonic investor  revision of earnings persistence [electronic resource]  /},
      school = {Ph.D.},
      pages = {1 online resource (xxv, 137 pages) :},
      abstract = {The stylized facts that firms pay and investors react to  dividends disregard dividend neutrality. Taking on the  perspective that informational asymmetries are the central  determinant for dividend value relevance, Christian Müller  assumes that firm's dividend decision conveys useful  information to investors. He shows that investors use  dividend changes to revise their a priori expectations  about the persistence of a current earnings change. While  his theoretical and empirical analyses generally imply that  dividend changes constitute informative, but imperfect  information signals, he further identifies situations in  which they are substantial to investors. Christian Müller's  research comprehensively examines the informational role of  dividend policy and provides new insights to the  corresponding Bayesian investor learning process.},
      url = {http://library.usi.edu/record/696610},
      doi = {https://doi.org/10.1007/978-3-658-04473-2},
}