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The global preference for dividends in declining markets

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The global preference for dividends in declining markets

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The Global Preference for Dividends in Declining Markets

Goldstein, Michael A. - 2015

Investors globally prefer dividend-paying stocks over non-dividend-paying stocks more in declining than in advancing markets, even accounting for firm-level growth opportunities, size and risk effects. Dividend paying stocks outperform non-dividend paying stocks, from 0.63% (China) to 3.79%...

Persistent link: https://www.econbiz.de/10013031909