Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth
碩士 === 國立交通大學 === 財務金融研究所 === 105 === Conventional wisdom associated high dividend payout ratio with weak future earnings growth, which was supported by various academic studies. However, within these decades, this perception has been opposed by Arnott and Asness. They found the relationship between...
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2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/yj7uqu |
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ndltd-TW-105NCTU53040212019-05-16T00:08:09Z http://ndltd.ncl.edu.tw/handle/yj7uqu Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth 股利支付率與未來盈餘成長關係之研究 Chang, Wei-Jen 張惟荏 碩士 國立交通大學 財務金融研究所 105 Conventional wisdom associated high dividend payout ratio with weak future earnings growth, which was supported by various academic studies. However, within these decades, this perception has been opposed by Arnott and Asness. They found the relationship between aggregate payout ratio of the market and future earnings growth was positive. This paper future investigates the relationship between dividend payout ratio and future earnings growth at the corporation-level. We also carried out three sensitivity tests to confirms that this positive relationship is robust to the effects of specific time periods and industries. Wang, Sue-Fung 王淑芬 2017 學位論文 ; thesis 31 en_US |
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NDLTD |
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en_US |
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Others
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NDLTD |
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碩士 === 國立交通大學 === 財務金融研究所 === 105 === Conventional wisdom associated high dividend payout ratio with weak future earnings growth, which was supported by various academic studies. However, within these decades, this perception has been opposed by Arnott and Asness. They found the relationship between aggregate payout ratio of the market and future earnings growth was positive. This paper future investigates the relationship between dividend payout ratio and future earnings growth at the corporation-level. We also carried out three sensitivity tests to confirms that this positive relationship is robust to the effects of specific time periods and industries.
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| author2 |
Wang, Sue-Fung |
| author_facet |
Wang, Sue-Fung Chang, Wei-Jen 張惟荏 |
| author |
Chang, Wei-Jen 張惟荏 |
| spellingShingle |
Chang, Wei-Jen 張惟荏 Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth |
| author_sort |
Chang, Wei-Jen |
| title |
Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth |
| title_short |
Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth |
| title_full |
Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth |
| title_fullStr |
Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth |
| title_full_unstemmed |
Research on the Relationship between Dividend Payout Ratio and Future Earnings Growth |
| title_sort |
research on the relationship between dividend payout ratio and future earnings growth |
| publishDate |
2017 |
| url |
http://ndltd.ncl.edu.tw/handle/yj7uqu |
| work_keys_str_mv |
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