Guragai, Binod; Henke, Trent; Young, Glen - In: Review of Accounting and Finance 20 (2021) 5, pp. 326-347
Purpose: This study aims to examine the relationship between the types of discontinued operations (i.e. income-increasing versus income-decreasing) and a firm’s dividend payout policy. The authors extend our analysis to examine whether equity investors react differently to dividend payout...