The following paper is given:
Baker, M., Wurgler, J., (2004), Appearing and disappearing dividends: The link to catering incentives Journal of Financial Economics, 73, 271-288.
Further details
1) Critically evaluate the paper by Baker and Wurgler (2004), published in the Journal of Financial Economics.
2) Discuss the contribution of the paper to the existing literature?
3) Present and discuss another paper that utilises catering theory as their main research design to explain phenomena in financial markets (please avoid discussing papers related to dividends)
