Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors
By John R. Graham, Alok Kumar. 2006
481 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/b86445ea2d6e7717ef41a23b760d7b99f51bb25c
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Clare Wang
- Lammertjan Dam
- Ahmed Tahoun
- Alp Simsek
- Gabriel Chodorow-reich
- P. Nenov
- Bert Scholtens
- Luzi Hail
In Economics and Econometrics
- Alp Simsek
- P. Nenov
- Gabriel Chodorow-reich
- Lammertjan Dam
- Clare Wang
- Ahmed Tahoun
- Luzi Hail
- Alok Kumar
In Finance
- Alp Simsek
- Gabriel Chodorow-reich
- P. Nenov
- Clare Wang
- Lammertjan Dam
- Bert Scholtens
- Ahmed Tahoun
- Luzi Hail
Citations in the corpus
- Consumer resistance and inertia of retail investors: Development of the resistance adoption inertia continuance (RAIC) framework (2020, unknown): “Retail investors, as opposed to wealthy individual investors or institutional investors, hold modest investment portfolios (Graham and Kumar, 2006); they have considerably lower investment acumen and receive little personalized consideration from professional advisors (Bhattacharya et al., 2012).”
- Preferred Risk Habitat of Individual Investors (2010, unknown): “…in Goetzmann and Kumar (2008)) or that they, in aggregate, display a preference for certain stocks (such as high-dividend stocks as reported in Graham and Kumar (2006)), or that an investor’s risk posture varies with certain demographic or socio-economic characteristics (for example,…”
- Who Gambles in the Stock Market (2009, background): “…are not simply restating individual investors’ known preferences for small-cap stocks, value stocks, dividend paying stocks, or “attention grabbing” stocks (e.g., Barber and Odean (2000, 2001, 2008), Graham and Kumar (2006)), I estimate regression specifications with several control variables.”
- The Idiosyncratic Volatility Puzzle: Time Trend or Speculative Episodes? (2010, unknown): “21 Also, see Graham and Kumar (2006). Consistent with the attention hypothesis, they show that older and lowincome investors purchase stocks that recently announced dividends.”
- Industry Classifications and Return Comovement (2007, unknown): “Studies of the influence of industry include Grinold, Rudd, and Stefek (1989), King (1966), Lessard (1974), and Roll (1992).”
- Institutional Holdings and Payout Policy (2005, unknown): “Graham and Kumar (2004) look at dividend preferences of a group of retail investors, which are in a way the complement of institutional investors in the market.”
- Who Are the Value and Growth Investors (2017, unknown): “For example, Graham and Kumar (2006) use U.”
- Taste, information, and asset prices: implications for the valuation of CSR (2016, unknown): “Kim et al. (2014), for example, provides evidence that firms with higher CSR ratings have broader ownership in the sense of more institutional and individual investors holding the firm’s shares.”