|Appears in Collections:||Accounting and Finance Book Chapters and Sections|
|Title:||Why individual and professional investors want dividends|
|Editor(s):||Baker, H Kent|
|Citation:||Dong M, Robinson C & Veld C (2009) Why individual and professional investors want dividends. In: Baker H Kent (ed.). Dividends and Dividend Policy. Robert W. Kolb Series in Finance, Hoboken, New Jersey: John Wiley & Sons, Inc., pp. 405-420.|
|Series/Report no.:||Robert W. Kolb Series in Finance|
|Abstract:||First paragraph: The finance literature abounds with theories of why investors want, do not want or should not want corporations to pay dividends. Researchers from Lintner (1956) to Brav, Graham, Harvey and Michaely (2005) ask managers why they pay dividends in an attempt to infer why investors want dividends. Other surveys asking managers about dividends include Baker, Farrelly and Edelman (1985), Baker, Powell, and Veit (2002), De Jong, van Dijk and Veld (2003), and Frankfurter, Kosedag, Chiang, Collison, Power, Schmidt, So and Topalov (2004).|
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