Heaping on Dividends: The Role of Dividend Size and Information Uncertainty
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DOI: 10.1080/15427560.2019.1587763
Abstract: Abstract The authors examine whether a cognitive bias influences dividend policy. They find that managers use a heaping heuristic when choosing the amount of their firm’s dividend. Heaping is a human error or bias to… read more here.
Keywords: dividend size; dividend; information uncertainty;