ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Dividends and Stock Prices-The Indian Experience

The Indian Experience Sankar De This paper presents the results of an empirical investigation, in the Indian context, into one of the mast prominent hypotheses concerning corporate dividend policy, viz, that the marginal investor is, in some sense, indifferent between dividend yields and capital appreciation through retained earnings.

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