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・ Divine Mercy College
・ Divided We Fall (film)
・ Divided We Fall (short story)
・ Divided We Stand
・ Divided We Stand (album)
・ Divided We Stand (STC episode)
・ Dividend
・ Dividend cover
・ Dividend discount model
・ Dividend distribution tax
・ Dividend future
・ Dividend imputation
・ Dividend on Death
・ Dividend payout ratio
・ Dividend policy
Dividend puzzle
・ Dividend recapitalization
・ Dividend reinvestment plan
・ Dividend stripping
・ Dividend swap
・ Dividend tax
・ Dividend units
・ Dividend yield
・ Dividenden
・ Dividends received deduction
・ Dividers (sculpture)
・ Divididos
・ Dividing a circle into areas
・ Dividing by Zero
・ Dividing Creek


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Dividend puzzle : ウィキペディア英語版
Dividend puzzle
The dividend puzzle is a concept in finance in which companies that pay dividends are rewarded by investors with higher valuations, even though, according to many economists, it should not matter to investors whether a firm pays dividends or not. The reasoning goes that dividends, from the investor’s point of view, should have no effect on the process of valuing equity because the investor already owns the firm and, thus, he/she should be indifferent to either getting the dividends or having them re-invested in the firm.
The puzzle evolved from the Modigliani-Miller theorems of 1959 and 1961.
The reasons for the dividend puzzle have been attributed to a wide range of factors, including uncertainties, psychological/behavioral economics issues, tax-related matters, and asymmetric information.
==See also==

* Dividend investing

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Dividend puzzle」の詳細全文を読む



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