4Baker, M. and Wurgler, J. 2004a. A Catering Theory of Dividends. the Journal of Finance, Vol. LIX, No. 3, 1125 - 1165.
5Baker, M. and Wurgler, J. 2004b. Appearing and Disappearing Dividends: the Link to Catering Incentives. Journal of Financial Economics, 73, 271 -288.
6Fama, E. F. and French, K. R. 2001. Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay? Journal of Financial Economics, 60, 3 - 44.
7La Porta, R. , F. Lopez - de - Silanes, A. Schleifer, and R. Vishny. 1999. Corporate ownership around the world. Journal of Finance 54, 471 -517.
8La Porta, R. , F. Lopez -de -Silanes, A. Schleifer, and R. Vishny. 2000. Agency problems and dividend policies around the world. The Journal of Finance 55, 1 - 33.