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Sun. · 2023年03月12日

The information from dividend initiation is ambiguious

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NO.PZ201601200500005005

问题如下:

The implementation of Proposal #4 would most likely signal to Ladan and other investors that future earnings growth can be expected to:

选项:

A.

decrease.

B.

remain unchanged

C.

increase.

解释:

C is correct. Dividend initiations convey positive information and are associated with future earnings growth, whereas dividend omissions or reductions convey negative information and are associated with future earnings problems.

A is incorrect because dividend initiations convey positive information and are associated with an expected increase (not a decrease) in future earnings growth. Dividend omissions or reductions convey negative information and are associated with future earnings problems.

B is incorrect because dividend initiations convey positive information and are associated with an expectation that future earnings growth will increase (not remain unchanged). In contrast, dividend omissions or reductions convey negative information and are associated with future earnings problems.

如题,M1里讲义里写道The information from dividend initiation is ambiguious,那为什么这道题选C呢?如果initiate cash dividend 预示没有好的投资机会,那也是negative signal吧?请老师解答

1 个答案
已采纳答案

王琛_品职助教 · 2023年03月13日

嗨,努力学习的PZer你好:


1

讲义的角度,是说不同的人对于分红,有不同的理解

有人会理解成积极的信号,有人会理解成消极的信号

针对的是微观个体

2

但是从宏观总体来说

大部分的人会将 Dividend initiations 理解成积极的信号

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NO.PZ201601200500005005 问题如下 The implementation of Propos#4 woulmost likely signto Lan another investors thfuture earnings growth cexpecteto: A.crease. B.remain unchange C.increase. C is correct. vininitiations convey positive information anare associatewith future earnings growth, wherevinomissions or rections convey negative information anare associatewith future earnings problems.A is incorrebecause vininitiations convey positive information anare associatewith expecteincrease (not a crease) in future earnings growth. vinomissions or rections convey negative information anare associatewith future earnings problems.B is incorrebecause vininitiations convey positive information anare associatewith expectation thfuture earnings growth will increase (not remain unchange. In contrast, vinomissions or rections convey negative information anare associatewith future earnings problems. 这道题我也是想了想专门选了C。课后视频老师讲课说属于常规发放现金股利,所以是利好。我觉得很不解然而看了其他同学提问,后台老师留言,又专注在“initiate”上。我更晕了。虽然说了initiate,但是也说是regular,不太理解,到底怎么理解是超过预期的现金分红,还是常规分红?如果是常规分红,不能算是利好,这个观点对不对?

2022-08-23 17:15 1 · 回答

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2022-08-05 22:13 1 · 回答

NO.PZ201601200500005005 如题。

2021-12-12 15:19 1 · 回答

NO.PZ201601200500005005  propos4的现金分红,会因为未来投资机会减少吗?未来投资机会少,都分了,那么future earnings growth可能降低吗?

2021-11-27 14:45 1 · 回答