Costly Dividend Signaling: The Case of Loss Firms with Negative Cash Flows

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/1721.1/7396

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DC Field	Value	Language
dc.creator	Joos, Peter	-
dc.creator	Plesko, George	-
dc.date	2004-12-10T19:15:21Z	-
dc.date	2004-12-10T19:15:21Z	-
dc.date	2004-12-10T19:15:21Z	-
dc.date.accessioned	2013-10-09T02:39:47Z	-
dc.date.available	2013-10-09T02:39:47Z	-
dc.date.issued	2013-10-09	-
dc.identifier	http://hdl.handle.net/1721.1/7396	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/1721	-
dc.description	We examine the dividend-signaling hypothesis in a sample of firms for which dividend increases are particularly costly, namely loss firms with negative cash flows. When compared to loss firms with positive cash flows, we find the predictive power of dividend increases for future return on assets to be greater for loss firms with negative cash flows, consistent with the predictive power of the dividend signal being stronger when its cost is higher. Our results provide support for the dividend-signaling hypothesis and have broader implications since loss firms comprise a large and increasing share of publicly-traded firms.	-
dc.format	205673 bytes	-
dc.format	application/pdf	-
dc.language	en_US	-
dc.relation	MIT Sloan School of Management Working Paper;Costly Dividend Signaling: The Case of Loss Firms with Negative Cash Flows	-
dc.subject	dividends	-
dc.subject	dividend signalling	-
dc.subject	losses	-
dc.title	Costly Dividend Signaling: The Case of Loss Firms with Negative Cash Flows	-
dc.type	Working Paper	-
Appears in Collections:	MIT Items

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