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We use a survey approach to investigate how managers in a frontier market apply financing and dividend decision … debt when the firm’s internal funds are inadequate. Under dividend policy, the most treasured technique is ensuring cash …
Persistent link: https://www.econbiz.de/10014469158
This paper analyzes interdependence of three financial policies, investment decision, financing decision, and dividend … follows. First, there is partially interdependence of financial policies. Investment decision positively influences financing … decision, there is negative relationship between financing and dividend decisions, and dividend decision negatively influences …
Persistent link: https://www.econbiz.de/10013107134
We estimate a dynamic investment model in which firms finance with equity, cash, or debt. Misvaluation affects equity … activities come from investment, dividends, or net cash. The model fits a broad set of data moments in large heterogeneous … than investment. The investment responses are strongest for small firms but nonetheless modest. Managers' rational …
Persistent link: https://www.econbiz.de/10013065520
of the firm that includes investment, leverage, and payout decisions. The structural model generates a leverage ratio …
Persistent link: https://www.econbiz.de/10013038606
The aim of this paper is to identify the key determinants of the dividend policies for Malaysian listed firms. The … sample in this study incorporates the top 100 listed firms on Bursa Malaysia (Bursa) over a ten-year period from 2007 to 2016 …. The dynamic panel data set was constructed using the sample firms. The results indicate that dividend policies are …
Persistent link: https://www.econbiz.de/10012176537
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …
Persistent link: https://www.econbiz.de/10013321422
This study examined whether family-owned firms have advantages for accessing external financial sources for growth. Especially in developing countries with imperfect markets, firms can face difficulties accessing external financing sources; however, family-owned firms might have some advantages...
Persistent link: https://www.econbiz.de/10012268930
We estimate the tax elasticity of dividends using two recent French reforms: a hike in the dividend tax rate followed …
Persistent link: https://www.econbiz.de/10012858584
The study aims to evaluate the impact of board traits on the organizations' dividend pay-outratio. For the purpose … statistically significant effect on the dividend pay-outratio. On the same theme, board skills development has significant but … negative effect on the dividend pay-outratio. Nonetheless, the board gender diversity has a positive and insignificant effect …
Persistent link: https://www.econbiz.de/10012664529
Empirical evidence suggests that capital structure varies across firms facing different levels of information asymmetry, however, this evidence contradict the prediction of pecking order hypothesis. Although debt capacity constraints offer some explanation for this discrepancy, it fails to...
Persistent link: https://www.econbiz.de/10011771645