{"id":"https://openalex.org/W1992079181","doi":"https://doi.org/10.1111/j.1468-5957.1989.tb00044.x","title":"Capital Market Valuation of Dividend Policy","display_name":"Capital Market Valuation of Dividend Policy","publication_year":1989,"publication_date":"1989-12-01","ids":{"openalex":"https://openalex.org/W1992079181","doi":"https://doi.org/10.1111/j.1468-5957.1989.tb00044.x","mag":"1992079181"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-5957.1989.tb00044.x","doi":"https://doi.org/10.1111/j.1468-5957.1989.tb00044.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-5957.1989.tb00044.x","pdf_url":null,"source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance &amp; Accounting","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019412774","display_name":"Manuel L. Jose","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I110378019","display_name":"Southern Illinois University Carbondale","ror":"https://ror.org/049kefs16","country_code":"US","type":"education","lineage":["https://openalex.org/I110378019","https://openalex.org/I2801502357"]},{"id":"https://openalex.org/I158012942","display_name":"University of Richmond","ror":"https://ror.org/03y71xh61","country_code":"US","type":"education","lineage":["https://openalex.org/I158012942"]},{"id":"https://openalex.org/I87216513","display_name":"Michigan State University","ror":"https://ror.org/05hs6h993","country_code":"US","type":"education","lineage":["https://openalex.org/I87216513"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Manuel L. Jose","raw_affiliation_strings":["The authors are respectively, Assistant Professor of Finance at Southern Illinois University; and Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","The authors are respectively, Assistant Professor of Finance at Southern Illinois University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The authors are respectively, Assistant Professor of Finance at Southern Illinois University; and Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","institution_ids":["https://openalex.org/I158012942","https://openalex.org/I87216513"]},{"raw_affiliation_string":"Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","institution_ids":["https://openalex.org/I158012942","https://openalex.org/I87216513"]},{"raw_affiliation_string":"The authors are respectively, Assistant Professor of Finance at Southern Illinois University","institution_ids":["https://openalex.org/I110378019"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5047305897","display_name":"Jerry L. Stevens","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I110378019","display_name":"Southern Illinois University Carbondale","ror":"https://ror.org/049kefs16","country_code":"US","type":"education","lineage":["https://openalex.org/I110378019","https://openalex.org/I2801502357"]},{"id":"https://openalex.org/I158012942","display_name":"University of Richmond","ror":"https://ror.org/03y71xh61","country_code":"US","type":"education","lineage":["https://openalex.org/I158012942"]},{"id":"https://openalex.org/I87216513","display_name":"Michigan State University","ror":"https://ror.org/05hs6h993","country_code":"US","type":"education","lineage":["https://openalex.org/I87216513"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jerry L. Stevens","raw_affiliation_strings":["The authors are respectively, Assistant Professor of Finance at Southern Illinois University; and Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","The authors are respectively, Assistant Professor of Finance at Southern Illinois University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The authors are respectively, Assistant Professor of Finance at Southern Illinois University; and Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","institution_ids":["https://openalex.org/I158012942","https://openalex.org/I87216513"]},{"raw_affiliation_string":"Associate Professor of Finance at E.G. Robins School of Business, University of Richmond, Virginia. This research was supported in part by the Southern Illinois University College of Business Administration Scholars Program and the E.G. Robins School of Business Summer Faculty Research Program. the authors would like to thank participants in the Finance Research Workshops at Southern Illinois University, University of Richmond, and Michigan State University for their comments","institution_ids":["https://openalex.org/I158012942","https://openalex.org/I87216513"]},{"raw_affiliation_string":"The authors are respectively, Assistant Professor of Finance at Southern Illinois University","institution_ids":["https://openalex.org/I110378019"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":0.765,"has_fulltext":false,"cited_by_count":30,"citation_normalized_percentile":{"value":0.78748132,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"16","issue":"5","first_page":"651","last_page":"661"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8618000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8618000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.1136000007390976,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.011500000022351742,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9860000014305115},{"id":"https://openalex.org/keywords/capital-market-valuation","display_name":"capital market valuation","score":0.9739999771118164},{"id":"https://openalex.org/keywords/stock-prices","display_name":"stock prices","score":0.5659999847412109},{"id":"https://openalex.org/keywords/dividend-payout","display_name":"dividend payout","score":0.3970000147819519},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.367000013589859}],"concepts":[{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.7630281448364258},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.7437573075294495},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6491966247558594},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6416010856628418},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5549705624580383},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.39606407284736633},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1804095208644867}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1468-5957.1989.tb00044.x","doi":"https://doi.org/10.1111/j.1468-5957.1989.tb00044.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-5957.1989.tb00044.x","pdf_url":null,"source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance &amp; Accounting","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":21,"referenced_works":["https://openalex.org/W71113477","https://openalex.org/W631412031","https://openalex.org/W1504466003","https://openalex.org/W1545312072","https://openalex.org/W1596347046","https://openalex.org/W1972663458","https://openalex.org/W2003644932","https://openalex.org/W2024935505","https://openalex.org/W2034720579","https://openalex.org/W2038215580","https://openalex.org/W2039167111","https://openalex.org/W2047153781","https://openalex.org/W2047171075","https://openalex.org/W2049909447","https://openalex.org/W2059742557","https://openalex.org/W2059912207","https://openalex.org/W2084695533","https://openalex.org/W2088957698","https://openalex.org/W2123343520","https://openalex.org/W2223768511","https://openalex.org/W2313677237"],"related_works":["https://openalex.org/W2991309156","https://openalex.org/W2025173578","https://openalex.org/W2011485652","https://openalex.org/W2075935926","https://openalex.org/W2026906109","https://openalex.org/W2056506118","https://openalex.org/W2070593688","https://openalex.org/W2052031325","https://openalex.org/W1988096140","https://openalex.org/W1530702871"],"abstract_inverted_index":null,"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
