Dividend Omissions and Stock Market Rationality

Abstract

Journal of Business Finance & AccountingVolume 18, Issue 3 p. 315-330 Dividend Omissions and Stock Market Rationality Chinmoy Ghosh, Chinmoy Ghosh the authors are respectively, Assistant Professor of Finance at the University of Connecticut; and Associate Professor of Finance and Goldman, Sachs and Co. and Frank P. Smeal Endowed University Fellow in Business Administration at Pennsylvania State University. the first author acknowledges the financial support from the Corporate Associates Summer Research Grant from the University of Connecticut. Earlier versions of this paper were presented at the Finance workshop at the University of Connecticut and the FMA meetings at New Orleans in 1988. Comments from the participants at these forums are appreciated.Search for more papers by this authorJ. Randall Woolridge, J. Randall Woolridge the authors are respectively, Assistant Professor of Finance at the University of Connecticut; and Associate Professor of Finance and Goldman, Sachs and Co. and Frank P. Smeal Endowed University Fellow in Business Administration at Pennsylvania State University. the first author acknowledges the financial support from the Corporate Associates Summer Research Grant from the University of Connecticut. Earlier versions of this paper were presented at the Finance workshop at the University of Connecticut and the FMA meetings at New Orleans in 1988. Comments from the participants at these forums are appreciated.Search for more papers by this author Chinmoy Ghosh, Chinmoy Ghosh the authors are respectively, Assistant Professor of Finance at the University of Connecticut; and Associate Professor of Finance and Goldman, Sachs and Co. and Frank P. Smeal Endowed University Fellow in Business Administration at Pennsylvania State University. the first author acknowledges the financial support from the Corporate Associates Summer Research Grant from the University of Connecticut. Earlier versions of this paper were presented at the Finance workshop at the University of Connecticut and the FMA meetings at New Orleans in 1988. Comments from the participants at these forums are appreciated.Search for more papers by this authorJ. Randall Woolridge, J. Randall Woolridge the authors are respectively, Assistant Professor of Finance at the University of Connecticut; and Associate Professor of Finance and Goldman, Sachs and Co. and Frank P. Smeal Endowed University Fellow in Business Administration at Pennsylvania State University. the first author acknowledges the financial support from the Corporate Associates Summer Research Grant from the University of Connecticut. Earlier versions of this paper were presented at the Finance workshop at the University of Connecticut and the FMA meetings at New Orleans in 1988. Comments from the participants at these forums are appreciated.Search for more papers by this author First published: April 1991 https://doi.org/10.1111/j.1468-5957.1991.tb00597.xCitations: 10AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume18, Issue3April 1991Pages 315-330 RelatedInformation