{"id":"https://openalex.org/W3122210359","doi":"https://doi.org/10.1016/j.jeconbus.2014.12.005","title":"Dividends as a signaling device and the disappearing dividend puzzle","display_name":"Dividends as a signaling device and the disappearing dividend puzzle","publication_year":2015,"publication_date":"2015-01-28","ids":{"openalex":"https://openalex.org/W3122210359","doi":"https://doi.org/10.1016/j.jeconbus.2014.12.005","mag":"3122210359"},"language":"en","primary_location":{"id":"doi:10.1016/j.jeconbus.2014.12.005","doi":"https://doi.org/10.1016/j.jeconbus.2014.12.005","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jeconbus.2014.12.005","pdf_url":null,"source":{"id":"https://openalex.org/S145099083","display_name":"Journal of Economics and Business","issn_l":"0148-6195","issn":["0148-6195","1879-1735"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economics and Business","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2313965","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5008041041","display_name":"Dmitry A. Shapiro","orcid":"https://orcid.org/0000-0002-8934-8403","observed_orcids":["https://orcid.org/0000-0002-8934-8403"]},"institutions":[{"id":"https://openalex.org/I102149020","display_name":"University of North Carolina at Charlotte","ror":"https://ror.org/04dawnj30","country_code":"US","type":"education","lineage":["https://openalex.org/I102149020"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Dmitry Shapiro","raw_affiliation_strings":["Belk College of Business, University of North Carolina at Charlotte, 9201 University City Boulevard, Charlotte, NC 28223-0001, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Belk College of Business, University of North Carolina at Charlotte, 9201 University City Boulevard, Charlotte, NC 28223-0001, United States","institution_ids":["https://openalex.org/I102149020"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5090699809","display_name":"Anan Zhuang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I102149020","display_name":"University of North Carolina at Charlotte","ror":"https://ror.org/04dawnj30","country_code":"US","type":"education","lineage":["https://openalex.org/I102149020"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Anan Zhuang","raw_affiliation_strings":["Belk College of Business, University of North Carolina at Charlotte, 9201 University City Boulevard, Charlotte, NC 28223-0001, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Belk College of Business, University of North Carolina at Charlotte, 9201 University City Boulevard, Charlotte, NC 28223-0001, United States","institution_ids":["https://openalex.org/I102149020"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5008041041"],"corresponding_institution_ids":["https://openalex.org/I102149020"],"apc_list":{"value":2640,"currency":"USD","value_usd":2640},"apc_paid":null,"fwci":3.0279,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.9245294,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"79","issue":null,"first_page":"62","last_page":"81"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9980000257492065,"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":0.9980000257492065,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0008999999845400453,"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/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-signaling","display_name":"dividend signaling","score":0.777999997138977},{"id":"https://openalex.org/keywords/loss-aversion","display_name":"loss aversion","score":0.8690000176429749},{"id":"https://openalex.org/keywords/dividend-cuts","display_name":"dividend cuts","score":0.8309999704360962},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9269999861717224},{"id":"https://openalex.org/keywords/stock-options","display_name":"stock options","score":0.6290000081062317},{"id":"https://openalex.org/keywords/managerial-incentives","display_name":"managerial incentives","score":0.8209999799728394},{"id":"https://openalex.org/keywords/clientele-effect","display_name":"clientele effect","score":0.6880000233650208},{"id":"https://openalex.org/keywords/investor-preferences","display_name":"investor preferences","score":0.7699999809265137},{"id":"https://openalex.org/keywords/business-risk","display_name":"business risk","score":0.6539999842643738}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.8753834962844849},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.6806570887565613},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6363199949264526},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.6102697253227234},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6029309034347534},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5140687227249146},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5139452815055847},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.4881175458431244},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.4728289544582367},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.39094170928001404},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3662624955177307},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.30305781960487366},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.18525943160057068},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.jeconbus.2014.12.005","doi":"https://doi.org/10.1016/j.jeconbus.2014.12.005","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jeconbus.2014.12.005","pdf_url":null,"source":{"id":"https://openalex.org/S145099083","display_name":"Journal of Economics and Business","issn_l":"0148-6195","issn":["0148-6195","1879-1735"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economics and Business","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2313965","doi":"https://doi.org/10.2139/ssrn.2313965","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2313965","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:eee:jebusi:v:79:y:2015:i:c:p:62-81","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0148619515000028","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:s-space.snu.ac.kr:10371/202048","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/10371/202048","pdf_url":null,"source":{"id":"https://openalex.org/S4306401345","display_name":"Seoul National University Open Repository (Seoul National University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I139264467","host_organization_name":"Seoul National University","host_organization_lineage":["https://openalex.org/I139264467"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2313965","doi":"https://doi.org/10.2139/ssrn.2313965","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2313965","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":74,"referenced_works":["https://openalex.org/W631466653","https://openalex.org/W1482108057","https://openalex.org/W1510497834","https://openalex.org/W1555468227","https://openalex.org/W1579646989","https://openalex.org/W1585500105","https://openalex.org/W1963945825","https://openalex.org/W1966115859","https://openalex.org/W1988160226","https://openalex.org/W1991410105","https://openalex.org/W1993161130","https://openalex.org/W1995834279","https://openalex.org/W2003907938","https://openalex.org/W2011089556","https://openalex.org/W2031596492","https://openalex.org/W2033837829","https://openalex.org/W2034691775","https://openalex.org/W2034720579","https://openalex.org/W2049440762","https://openalex.org/W2063833625","https://openalex.org/W2065601052","https://openalex.org/W2067294622","https://openalex.org/W2078177987","https://openalex.org/W2083257361","https://openalex.org/W2084934575","https://openalex.org/W2086301203","https://openalex.org/W2090345768","https://openalex.org/W2096362300","https://openalex.org/W2101365736","https://openalex.org/W2111384383","https://openalex.org/W2122925298","https://openalex.org/W2123011492","https://openalex.org/W2123343520","https://openalex.org/W2125377976","https://openalex.org/W2126306973","https://openalex.org/W2127069324","https://openalex.org/W2142856961","https://openalex.org/W2144879307","https://openalex.org/W2147215760","https://openalex.org/W2156307401","https://openalex.org/W2164426272","https://openalex.org/W2169546567","https://openalex.org/W2223768511","https://openalex.org/W2333216604","https://openalex.org/W2750343857","https://openalex.org/W2763199793","https://openalex.org/W2891796337","https://openalex.org/W2892256090","https://openalex.org/W3121223614","https://openalex.org/W3121607240","https://openalex.org/W3121701465","https://openalex.org/W3122215577","https://openalex.org/W3122295706","https://openalex.org/W3122367063","https://openalex.org/W3122368200","https://openalex.org/W3123052676","https://openalex.org/W3123062155","https://openalex.org/W3123321248","https://openalex.org/W3123700708","https://openalex.org/W3123970652","https://openalex.org/W3123986134","https://openalex.org/W3124238736","https://openalex.org/W3124364728","https://openalex.org/W3124368692","https://openalex.org/W3124625045","https://openalex.org/W3124789870","https://openalex.org/W3124846124","https://openalex.org/W3124917672","https://openalex.org/W3125689201","https://openalex.org/W3125805996","https://openalex.org/W3125919808","https://openalex.org/W4211168477","https://openalex.org/W4299133375","https://openalex.org/W6681814151"],"related_works":["https://openalex.org/W1982235614","https://openalex.org/W7100211626","https://openalex.org/W7096453079","https://openalex.org/W1790843742","https://openalex.org/W2625311403","https://openalex.org/W7097243629","https://openalex.org/W1978826444","https://openalex.org/W1983844535","https://openalex.org/W4327920759","https://openalex.org/W2788659818"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2021-02-01T00:00:00"}