Surprise! Higher Dividends = Higher Earnings Growth

By Robert D. Arnott, Clifford S. Asness. 2003

260 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4228f35e98cf843b7cffba2d3aaaf32ef42ab9e0

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Robina Iqbal
2. Abdulrahman A. M. Al-Twaijry
3. A. Y. Javid
4. Christopher Maldajian
5. Rim El Khoury

In Economics and Econometrics

1. Robina Iqbal
2. Abdulrahman A. M. Al-Twaijry
3. A. Y. Javid

In Finance

1. Robina Iqbal
2. Abdulrahman A. M. Al-Twaijry
3. A. Y. Javid
4. Christopher Maldajian
5. Rim El Khoury

Citations in the corpus

• Economic Growth and Equity Returns (2005, unknown): “If dividend growth was subsequently higher, this wouldn’t be a problem, but Campbell and Shiller (2001) and Arnott and Asness (2003) report that dividend growth is subsequently lower when dividend yields are low in the U.S. Table 1 also reports the growth rate of real dividends per share for 16…”
• Dividend policy and payout ratio: evidence from the Kuala Lumpur stock exchange (2007, background): “Arnott and Asness (2003) have challenged the familiar wisdom.”
• Corporate Governance in Pakistan : Corporate Valuation, Ownership and Financing (2010, result): “The results of dividend payout regressed on corporate governance including control variables are also consistent with prior research [Arnott and Asness (2003) and Shaheen and Nishat (2004)]. There is positive association between corporate governance and dividend payouts consistent with the theoretic”