Faculty News
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Prof. Jeffrey Wurgler's research on dividend signaling is featured
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Excerpt from HBS Working Knowledge -- "We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends."
Faculty News
—

Excerpt from HBS Working Knowledge -- "We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends."