{"paper":{"title":"Subdominant eigenvalue location and the robustness of Dividend Policy Irrelevance","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"math.OC","authors_text":"A. J. Ostaszewski","submitted_at":"2019-04-09T15:01:58Z","abstract_excerpt":"This paper, on subdominant eigenvalue location of a bordered diagonal matrix, is the mathematical sequel to an accounting paper by Gao, Ohlson, Ostaszewski \\cite{GaoOO}. We explore the following characterization of dividend-policy irrelevance (DPI) to equity valuation in a multi-dimensional linear dynamics framework $L$: DPI occurs under $L$ when discounting the expected dividend stream by a constant interest rate iff that rate is equal to the dominant eigenvalue of the canonical principal submatrix $A$ of $L.$ This is justifiably the `latent' (or gross) rate of return, since the principal sub"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1904.04721","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}