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Despite developments of recent theoretical and numerous empirical studies on the policies effectively adopted by companies, the dividend distribution policy (DDP) remains largely unexplained. In this regard, the main purpose of the current study is to empirically examine the effects of both CEO...
Persistent link: https://www.econbiz.de/10012698315
This paper's purpose is to compare nonprofits with pass-throughs in terms of valuation, leverage, and growth. To achieve this purpose, we use the Capital Structure Model. This model determines maximum firm valuation through incorporating real data (tax rates, credit spreads, and historical...
Persistent link: https://www.econbiz.de/10012483154
Corporate finance research focuses on C corps (CCs) neglecting pass-throughs (PTs). We answer this neglect by examining PT outputs for the categories of debt choice, valuation, and leverage gain. In the process, we expand on the nongrowth PT research and supplement the recent CC research on the...
Persistent link: https://www.econbiz.de/10012291770
Stock repurchases have become a preferred method of distributing cash to stockholders. However, given the high level of … stock repurchases as a tool to manipulate stock prices in the market. Using event study methodology and Tobit regression … activities prior to the stock repurchases on the completion of repurchase announcements in Vietnam. The results show that …
Persistent link: https://www.econbiz.de/10012291918
comparisons and multivariate analysis show that the determining factors of dividend payout and stock repurchases differ between …
Persistent link: https://www.econbiz.de/10013040942
We investigate the association between dividend policy and government shareholding, using Malaysian data. We hypothesize a positive association. We contribute to the literature about dividend policy. Unique features of our study include adaptations to the Malaysian institutional setting, with...
Persistent link: https://www.econbiz.de/10012631872
-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our …
Persistent link: https://www.econbiz.de/10012291925
This study analyzes the firm-specific factors affecting the dividend payout decisions of the companies whose shares are traded on the Borsa Istanbul stock exchange. To this end, the dynamic panel regression is applied to 853 observations of yearly average of 106 companies listed on the Borsa...
Persistent link: https://www.econbiz.de/10011963966
more shares in the firms who pay higher dividends. We further explore the causality between dividend payout and …
Persistent link: https://www.econbiz.de/10012238702
' current income (dividends) is moderated by technical efficiency (te) and profitability. The study employs econometrics on …, dividends tend to drop initially, but above a certain threshold level, growing TD levels lead to increased payouts. Furthermore …, dividends are adversely associated with the moderating variable "te" in terms of both constant and variable return to scale. On …
Persistent link: https://www.econbiz.de/10014485338