Julia D¡¯Souza; Jacob, John; Willis, Veronda F. - In: International Journal of Business Administration 6 (2015) 2, pp. 1-16
This paper investigates changes in electric utilities¡¯ dividend policies following the onset of deregulation. Consistent with the theory of dividend clienteles, we find that utilities continue to pay high dividends after the onset of deregulation. Under a regulated regime, we find no...
