Kim, Songhee; Khil, Jaeuk; Lee, Yu Kyung - In: Journal of derivatives and quantitative studies 32 (2024) 2, pp. 116-144
This paper aims to investigate the impact of corporate dividend policy on the capital structure in the Korean stock … market. To distinctly discern the voluntariness of changes in corporate dividend policy, we analyze companies that, following … increase, revealing a symmetric relationship between dividend policy and capital structure. In conclusion, large dividend …