Local Dividend Clienteles

Local Dividend Clienteles: We mention both ownership biases (similar to home country biases) as well as the dividend clientele effect in class, but I never suspected a relation strong enough to tie the two together, until now. In an upcoming Journal of Finance article, Bo Becker, Zoran Ivkovic, and Scott Weisbenner do just that! They find:"Firms headquartered in areas in which seniors