Dijk, R. van

analyst earning dividend model return panel result management table benchmark earnings management share stock portfolio market value method payout earnings benchmarks manager journal percent *** logit forecast factor question accounting cash flow preference earnings path company performance survey difference order shareholder decision rating quintile information buy-back investment regression moment canadian capital gains estimate variable logit model repurchase capital style response answer investor portfolio 1 policy payment evidence section clientele level parameter option study business consequence questionnaire choice approach signi cycle coecient research transaction theory economic dividend payments paper