A Brief Analysis on Dividend Puzzle Based on Behavioral Portfolio Theory

DOI

10.2991/ictim-17.2017.67How to use a DOI?

Keywords

Dividend Puzzle, BPT-SA, BPT-MA

Abstract

Dividend puzzle is the phenomenon that private investors take dividends and capital gains as two things and like dividends more. This problem was once a difficult problem of behavioral finance. However, with continuous development of traditional financial theory, dividend puzzle explicated by related theory. This paper is based on behavioral finance theory to explore the reasons for the dividend puzzle, and compare and elaborate the current dividend and equity repurchase trend.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Guosong Wang
AU  - Keqi Zhang
PY  - 2017/09
DA  - 2017/09
TI  - A Brief Analysis on Dividend Puzzle Based on Behavioral Portfolio Theory
BT  - Proceedings of the International Conference on Transformations and Innovations in Management (ICTIM 2017)
PB  - Atlantis Press
SP  - 878
EP  - 884
SN  - 2352-5428
UR  - https://doi.org/10.2991/ictim-17.2017.67
DO  - 10.2991/ictim-17.2017.67
ID  - Wang2017/09
ER  -