Purpose – The purpose of this paper is to provide a synthesis of the literature on the changing perspectives of corporate distribution policy. Design/methodology/approach – This paper synthesizes and interprets the theoretical, empirical and survey-based research on corporate payout policy....

Purpose – The purpose of this paper is to examine the Dickens et al. model of bank holding company dividend policy. They identified five explanatory factors in a sample of bank holding companies (BHCs). Banking companies typically pay larger dividends and more often than industrial firms....

Purpose – The purpose of this paper is to provide a synthesis of the literature on the changing perspectives of corporate distribution policy. Design/methodology/approach – This paper synthesizes and interprets the theoretical, empirical and survey‐based research on corporate payout...

Purpose – The purpose of this paper is to examine cross‐sectional differences in the profits, returns and risk of high‐ and low‐market‐to‐book ratios (M/B) stocks before and after the initiation of regular cash dividend payments. Design/methodology/approach – This study uses...