Maybe Merton Miller is right — these things are "neutral mutations" and changes in dividend policy are meaningless.

也许莫顿·米勒是对的，这些都是“中性突变”，变更股利政策是无意义的。

youdao

Maybe Merton Miller is right-- these things are "neutral mutations" and changes in dividend policy are meaningless.

也许莫顿·米勒是对的,这些都是"中性突变",变更股利政策是无意义的

耶鲁公开课 - 金融市场课程节选

One thing that Merton Miller distilled from it was that people on boards, who decide on dividend payout, are very focused on the price of a share and they're worried about investor reaction.

但莫顿·米勒总结出一点,决定是否分红的董事们,十分关注股价,他们很担心投资者们的反应

耶鲁公开课 - 金融市场课程节选

In 1958 professors Franco Modigliani and Merton Miller showed that this kind of thinking is wrong.

FORBES: Magazine Article

But that flyer, Merton Miller hastened to add, was strictly recreational, not serious investing.

ECONOMIST: Merton Miller

One Nobel laureate, Merton Miller, has given his backing to an idea that first surfaced at Hong Kong's University of Science and Technology.

ECONOMIST: The Hong Kong dollar: Off the peg? | The