Wang, Ming-Hui; Ke, Mei-Chu; Liu, Day-Yang; Huang, Yen-Sheng - In: The International Journal of Business and Finance Research 5 (2011) 1, pp. 33-52
This paper examines the dividend policy for firms listed on the Taiwan Stock Exchange and test the life cycle hypothesis. The sample involves 6031 observations of dividend payments over the 16-year period 1992-2007. Consistent with the prediction of the life cycle hypothesis, the results...