The Information Content of Dividends Hypothesis: Back to the Drawing Board?

Taylor, Paul (1979) The Information Content of Dividends Hypothesis: Back to the Drawing Board? Journal of Business Finance and Accounting, 6 (4). pp. 495-525. ISSN 1468-5957

Abstract

The paper sets into a critical perspective a series of papers which purport to test whether dividends have information content. Its arguments are relevant to a wider set of papers which test information content of financial information more generally. The paper demonstrates the difficulties in drawing comparisons between papers which seem to test similar effects.