Naceur, Samy Ben; Goaied, Mohamed; Belanes, Amel - In: International Review of Finance 6 (2006) 1-2, pp. 1-23
The authors study the dividend policy of 48 firms listed on the Tunisian Stock Exchange during the period 1996-2002. The study tests whether or not managers of Tunisian listed firms smooth their dividends. Moreover, the study outlines the main determinants that may drive the dividend policy of...