TY - BOOK AU - Ang,James S. TI - Do dividends matter?: a review of corporate dividend theories and evidence AV - HG4028.D5 A54 1987 U1 - 332.63'221 PY - 1987///] CY - [New York] PB - Salomon Brothers Center for the Study of Financial Institutions, Graduate School of Business Administration, New York University KW - Dividends N1 - Bibliography: p. 59-65 N2 - This paper aims at providing the reader with a comprehensive understanding of dividends and dividend policy by reviewing the main theories and explanations of dividend policy including dividend irrelevance hypothesis of Miller and Modigliani, bird-in-the-hand, tax-preference, clientele effects, signalling, and agency costs hypotheses. The paper also attempts to present the main empirical studies on corporate dividend policy. ER -