Individual investors' perceptions towards dividends: the case of Greece
Maditinos, Dimitrios I., Sevic, Zeljko, Theriou, Nikolaos G. and Tsinani, Alexandra V. (2007) Individual investors' perceptions towards dividends: the case of Greece. International Journal of Monetary Economics and Finance, 1 (1). pp. 18-31. ISSN 1752-0479 (doi:10.1504/IJMEF.2007.016023)Full text not available from this repository.
This study is based on the assumption that there exists a strong preference for dividends among individual investors in Greece. Its main objective is to explore the driving forces that lead retail investors to reveal their preference for either cash or stock dividends. Several of the most important dividend theories were employed to test the behaviour of Greek individual investors towards dividends. The results reveal strong evidence that individual investors in Greece want dividends. Their answers provide strong support for the signalling theory of Bhattacharya (1979), while the behavioural finance theory of Shefrin and Statman (1984) is marginally confirmed.
|Uncontrolled Keywords:||cash dividends, stock dividends, individual investors, dividend theories, behavioural finance, Greek tax system, questionnaire survey, Greece, individual preferences, signalling theory, investor perceptions|
|Subjects:||H Social Sciences > HG Finance|
|School / Department / Research Groups:||School of Business|
School of Business > Department of Accounting & Finance
|Last Modified:||08 Nov 2010 14:04|
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