Budiarso, Novi Swandari; Subroto, Bambang; T., Sutrisno; … - In: Cogent economics & finance 7 (2019) 1, pp. 1-15
assumption that investors expect optimum returns on stock investments through dividends, capital gains, or both. To this end, we … find that mature Indonesian firms pay higher dividends as they are larger and more profitable, with more free cash and … insignificant growth opportunities. Conversely, growing Indonesian firms with significant future opportunities pay lower dividends …