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Why individual investors want dividends

Ming Dong, +2 more
- 01 Dec 2005 - 
- Vol. 12, Iss: 1, pp 121-158
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TLDR
In this paper, the question of why individual investors want dividends was investigated by submitting a questionnaire to a Dutch investor panel, and the respondents indicated that they want dividends partly because the cost of cashing in dividends is lower than the cost for selling shares.
About: 
This article is published in Journal of Corporate Finance.The article was published on 2005-12-01 and is currently open access. It has received 81 citations till now. The article focuses on the topics: Dividend policy & Corporate finance.

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The perception of dividends by Canadian managers: new survey evidence

H. Kent Baker, +3 more
- 23 Jan 2007 - 
TL;DR: The most important factors influencing dividend policy are the level of current and expected future earnings, the stability of earnings, and the pattern of past dividends, according to survey results as mentioned in this paper.
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Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis

José Filipe Abreu, +1 more
- 01 Sep 2013 - 
TL;DR: In this paper, the authors studied dividend payouts of 462 U.S. bank holding companies before and during the 2007-09 financial crisis and found that regulatory pressure was ineffective in limiting dividend payout by under-capitalized banks before the financial crisis.
Journal ArticleDOI

The Risk Perceptions of Individual Investors

Chris Veld, +1 more
- 31 May 2007 - 
TL;DR: In this paper, the authors studied the risk perceptions of individual investors by asking experimental questions to 2,226 members of a consumer panel and analyzed their responses in order to find which risk measures they implicitly use.
Journal ArticleDOI

The risk perceptions of individual investors

Chris Veld, +1 more
- 01 Apr 2008 - 
TL;DR: In this paper, the authors studied the risk perceptions of individual investors by asking experimental questions to 2226 members of a consumer panel and analyzed their responses in order to find which risk measures they implicitly use.
Journal ArticleDOI

Tax reform and payout policy: Do shareholder clienteles or payout policy adjust?

Timo Korkeamäki, +3 more
- 01 Sep 2010 - 
TL;DR: In this paper, the authors explore the effect of tax reform on the distribution of corporate dividends in Finland and find that Finnish firms altered their dividend policies based on the changed tax incentives of their largest shareholders.
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A Global Approach to Money Management

Francois Garrone, +1 more
- 31 Jul 1976 - 
TL;DR: In this article, the authors present a global approach to money management and its application by the second largest private commercial bank in France, which has a century of experience in international investment and money management.
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The role of self-regulation in corporate governance: evidence and implications from The Netherlands

Abe de Jong, +3 more
- 01 Jun 2005 - 
TL;DR: In this paper, the authors examined the relation between firm value and corporate governance characteristics before and after the private sector initiative and found that the initiative had no effect on corporate governance or their relationship with firm value.
Journal ArticleDOI

Revisiting managerial perspectives on dividend policy

H. Kent Baker, +2 more
- 01 Sep 2002 - 
TL;DR: The authors survey managers of Nasdaq firms that consistently pay cash dividends to determine their views about dividend policy, the relationship between dividend policy and value, and four common explanations for paying dividends.
Posted Content

Dividend Policy:: Its Impact on Firm Value

Ronald C. Lease, +4 more
- 01 Jan 1999 - 
TL;DR: In this article, the authors review the theory and empirical evidence regarding the impact of dividend policy on shareholder wealth and stress how market imperfections such as taxes, imperfect information, and agency issues can alter the dividend irrelevance conclusion.
Journal ArticleDOI

Household accounts, mental accounts, and savings behaviour: Some old economics rediscovered?☆

Adrian Winnett, +1 more
- 01 Sep 1995 - 
TL;DR: In this article, the authors focused on the structures of and the relationship between mental accounts and household accounts, and compared these descriptions of household financial wealth with the economist's life-cycle model.
Frequently Asked Questions (2)
Q1. What contributions have the authors mentioned in the paper "Why individual investors want dividends" ?

In this paper, the question of why individual investors want to pay dividends was investigated by submitting a questionnaire to a Dutch investor panel, and the results indicated that individual investors do not tend to consume a large part of their dividends. 

The authors do not find much support for the “ irrational ” explanations of the existence of dividends, i. e. the uncertainty resolution theory of Gordon ( 1961, 1962 ) and the behavioral explanation of Shefrin and Statman ( 1984 ).