The Effectiveness of Accounting Based Dividend Covenants
The Effectiveness of Accounting Based Dividend Covenants
The book The Effectiveness of Accounting Based Dividend Covenants was written by author Here you can read free online of The Effectiveness of Accounting Based Dividend Covenants book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Effectiveness of Accounting Based Dividend Covenants a good or bad book?
Where can I read The Effectiveness of Accounting Based Dividend Covenants for free?
In our eReader you can find the full English version of the book. Read The Effectiveness of Accounting Based Dividend Covenants Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Effectiveness of Accounting Based Dividend Covenants
In our eReader you can find the full English version of the book. Read The Effectiveness of Accounting Based Dividend Covenants Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Effectiveness of Accounting Based Dividend Covenants
What reading level is The Effectiveness of Accounting Based Dividend Covenants book?
To quickly assess the difficulty of the text, read a short excerpt:
The mean earnings coefficient is 0. 017, significant at the 1% level. An F-test indicates that the earnings coefficients differ across firms, inconsistent with the assumption in equation (2). However, relaxing this assumption does not change the magnitude or the significance of the dividend constraint coefficient.
23 We also estimate several other models. First, we estimate models with lagged earnings changes for one, two and three prior years but do not present the results here for brevity sin...ce they do not change the conclusions presented in the text. Second, we estimate equation (2) allowing the intercept to vary across firms. An F-test indicates that intercept terms do not vary across firms.
24 Specification tests are conducted to assess whether the residuals are homoskedastic (see White (1980)), and normally distributed. We cannot reject the hypotheses that the residuals are homoskedastic and normally distributed at the 0. 05 level. Belsley, Kuh and Welsch (1980) diagnostics for the effect of extreme observations on the coefficients, and for multicollinearity indicate that the reported estimates are not influenced by extreme observations, and that the independent variables are not collinear.
What to read after The Effectiveness of Accounting Based Dividend Covenants?
You can find similar books in the "Read Also" column, or choose other free books by Paul M Healy to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The mean earnings coefficient is 0. 017, significant at the 1% level. An F-test indicates that the earnings coefficients differ across firms, inconsistent with the assumption in equation (2). However, relaxing this assumption does not change the magnitude or the significance of the dividend constraint coefficient.
23 We also estimate several other models. First, we estimate models with lagged earnings changes for one, two and three prior years but do not present the results here for brevity sin...ce they do not change the conclusions presented in the text. Second, we estimate equation (2) allowing the intercept to vary across firms. An F-test indicates that intercept terms do not vary across firms.
24 Specification tests are conducted to assess whether the residuals are homoskedastic (see White (1980)), and normally distributed. We cannot reject the hypotheses that the residuals are homoskedastic and normally distributed at the 0. 05 level. Belsley, Kuh and Welsch (1980) diagnostics for the effect of extreme observations on the coefficients, and for multicollinearity indicate that the reported estimates are not influenced by extreme observations, and that the independent variables are not collinear.
What to read after The Effectiveness of Accounting Based Dividend Covenants?
You can find similar books in the "Read Also" column, or choose other free books by Paul M Healy to read onlineMoreLess
Read book The Effectiveness of Accounting Based Dividend Covenants for free
You can download books for free in various formats, such as epub, pdf, azw, mobi, txt and others on book networks site. Additionally, the entire text is available for online reading through our e-reader. Our site is not responsible for the performance of third-party products (sites).
Write Review:
Guest
Read Also
7 / 10
User Reviews: