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Lintner's model of dividend payments

Michelle Salmona, Dan Kaczynski, Tom Smith

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter provides a historical perspective on one of the first qualitative studies in finance. The Lintner (1956) model of dividend payments and policy is one of the first qualitative studies in financial economics and the most enduring. Lintner (1956) sought to find the determinants of dividend payments and policy through interviews with corporate executives. Using the results of this qualitative study, Lintner formulated a model that expresses how companies pay dividends. This model is still in use over 60 years since its development.
Original languageEnglish
Title of host publicationHow to conduct qualitative research in finance
EditorsDan Kaczynski, Michelle Salmona, Tom Smith
Place of PublicationCheltenham, UK ; Northampton, MA
PublisherEdward Elgar Publishing
Chapter2
Pages12-16
Number of pages5
ISBN (Electronic)9781803927008
ISBN (Print)9781803926995
DOIs
Publication statusPublished - 2024

Keywords

  • Dividends
  • Payout ratio
  • Speed of adjustment

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