Dividend guidance to manage analyst dividend expectations
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DOI: 10.1016/j.irfa.2018.08.013
Abstract: Using a sample of dividend payers from 12 European countries, we document that managers guide analyst dividend expectations to avoid reporting dividends below the consensus forecast. Specifically, we show that dividend guidance predicts (1) a… read more here.
Keywords: dividend expectations; dividend; dividend guidance; analyst dividend ... See more keywords