Construct · 1 fields · 1 citations

dividend irrelevance: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

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Corporate finance

the proposition that in perfect markets a firm's dividend policy does not affect its value, which depends only on investment.

In corporate finance, dividend irrelevance refers to the proposition that in perfect markets a firm's dividend policy does not affect its value, which depends only on investment. This meaning comes from Miller (1961) in The Journal of Business.[1]

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Nearby constructs

dividend2 fields · 4 citationsjingle · one word, two constructs affect4 fields · 5 citationsjingle · one word, several feeling constructs business1 fields · 1 citationsanchor · a standalone construct

References

Miller, M. H., & Modigliani, F. (1961). Dividend Policy, Growth, and the Valuation of Shares. The Journal of Business, 34(4), 411. https://doi.org/10.1086/294442

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