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  • (Black) The Dividend Puzzle

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    eoskim
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    FISCHER BLACK: why do corporations pay dividends? why do investors pay attention to dividends? he says the answers to these questions are not so obvious. Black: the harder we look at the dividend picture, the more it seems like a puzzle.

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    [Black] The Dividend Puzzle

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    FISCHER BLACK: why do corporations pay dividends? why do investors pay attention to dividends? he says the answers to these questions are not so obvious. Black: the harder we look at the dividend picture, the more it seems like a puzzle.

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    429 views5 pages

    (Black) The Dividend Puzzle

    Uploaded by

    eoskim
    FISCHER BLACK: why do corporations pay dividends? why do investors pay attention to dividends? he says the answers to these questions are not so obvious. Black: the harder we look at the dividend picture, the more it seems like a puzzle.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 5

    The dividend puzzle

    Black, Fischer
    Journal of Portfolio Management; Dec 1996; ABI/INFORM Global
    pg. 8

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

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