| dc.contributor.author | Berget, Patrick | |
| dc.contributor.author | Bredrup, Jon | |
| dc.date.accessioned | 2023-11-10T13:43:37Z | |
| dc.date.available | 2023-11-10T13:43:37Z | |
| dc.date.issued | 2023 | |
| dc.identifier.uri | https://hdl.handle.net/11250/3101948 | |
| dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2023 | en_US |
| dc.description.abstract | We investigate whether managers cater to investor preferences when demand for
dividend-paying stocks is high, implementing a simple model developed by Baker
and Wurgler (2004a). Expanding upon their work, we extend the sample period
from 1980 to 2021 and implement two alternative approaches. Our findings
present evidence in favour of the catering theory through both the dividend
premium and the rate of initiation. However, no significant relationship was
observed with announcement effects or future returns. Despite some evidence
indicating catering, we conclude that the model fails to encapsulate all relevant
aspects of this complex issue. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Handelshøyskolen BI | en_US |
| dc.subject | finans | en_US |
| dc.subject | finance | en_US |
| dc.title | Do US Managers Cater to Investor Demand for Dividends? | en_US |
| dc.type | Master thesis | en_US |
