630  19

 

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1.      ,     
 ,     ,     -
   ,      
 . .:

Merton . Miller and Franco Modigliani, Dividend Policy, Growth, and the Valuation of
Shares, Journal of Business, 34, no. 4 (October 1961), pp. 411433.

2.         
   :

John Lintner, Distribution of Incomes of Corporations Among Dividends, Retained
Earnings, and Taxes, American Economic Review, 46, no. 2 (May 1956), pp. 97113.
John A. Brittain, Corporate Dividend Policy (Washington, DC: The Brookings Institution,
1966).

Eugene F. Fama and Harvey Babiak, Dividend Policy: An Empirical Analysis, Journal of
the American Statistical Association, 63, no. 324 (December 1968), pp. 11321161.
Eugene F. Fama, The Empirical Relationship Between the Dividend and Investment
Decisions of Firms, American Economic Review, 64, no. 3 (June 1974), pp. 304318.
Terry A. Marsh and Robert C. Merton, Dividend Behavior for the Aggregate Stock Market,
Journal of Business, 60, no. 1 (January 1987), pp. 140.

3. ,      ,  , -
      50- ,   :

. Kent Baker, Gail E. Farrelly, and Richard . Edelman, A Survey of Management Views
on Dividend Policy, Financial Management, 14, no. 3 (Autumn 1985), pp. 78-84.

4.           :

Thomas E. Copeland and J. Fred Weston, Financial Theory and Corporate Policy (Reading,
MA: Addison-Wesley, 1988), pp. 501-507, 584-588.

5.     ,    
   ,    .
.     :

R. Richardson Pettit, Dividend Announcements, Security Performance, and Capital Market
Efficiency, Journal of Finance, 27, no. 5 (December 1972), pp. 993-1007.
Ross Watts, The Information Content of Dividends, Journal of Business, 46, no. 2 (April
1973), pp. 191-211.