Dividend and Share Changes: Is There a Financing Hierarchy?
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The most widely accepted empirical dividend model is that proposed by Lintner, who argued that firms smooth dividends over time. Many theoretical dividend models, however, either predict that dividends should be highly variable, or at least offer no support for the smoothing hypothesis. We use a
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美国国家经济研究局创建时间：
1986-09-01
