{"product_id":"the-information-value-of-dividend-von-p-c-jagersma","title":"The information value of dividend","description":"\u003cp\u003eThe subject of dividend policy has passionate  economists for many decennia, resulting in intensive theoretical  modelling and empirical examinations. In this study the main values of  dividends are discussed. The value of signalling is seen as the most  convincing. An overview of the main theoretical models and empirical studies on  the information value of dividend is presented. The purpose of the  research is to test if the argument of information value finds empirical  evidence among Dutch listed companies. It is showed that the amount of  dividends contain signals about the future earnings of a firm.  Especially when changes in dividend are unexpected this information signal is  strong. Though, the analysis gives not much predictive power for the  future. The results differ from the findings of Dorsman (1988) who concluded  that there is no significant value of information in dividends of the  Dutch stock market.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843358095\"\u003e\u003ch3\u003eTheory and evidence from the Dutch stock market\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843358095","offer_id":39497155412061,"sku":"9783843358095","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/edb42cee-8263-4725-b903-84d40cd0f254.jpg?v=1758347181","url":"https:\/\/shop.autorenwelt.de\/en\/products\/the-information-value-of-dividend-von-p-c-jagersma","provider":"Autorenwelt Shop","version":"1.0","type":"link"}