What Do Stockholders Like?

by John Clendenin



Examines the effect of dividend payout policy on stock price by comparing the price-earnings ratios of high-payout and low-payout stocks which are closely similar. Observations on preferences of individual stockholders; Approval of the rights to subscribe to new stock at prices below the market; Summary of a survey on stockholder preferences.

California Management Review

Berkeley-Haas's Premier Management Journal

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

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