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paying cash dividends and repurchasing shares. The authors compare the results to other dividend surveys based on firms in … of 500 firms listed on the NSE. Findings-The most important determinants of dividends involve earnings (the stability of … earnings as well as the level of current and expected future earnings) and the pattern of past dividends. Comparing the overall …
Persistent link: https://www.econbiz.de/10011145179
Purpose -The purpose of this paper is to reexamine the stock price drifts after open-market stock repurchase announcements by differentiating actual repurchases from repurchase announcements and by controlling for the repurchasing firms’ earnings improvement in the announcement year relative...
Persistent link: https://www.econbiz.de/10011145180
insights for paying cash dividends. Findings- The analysis of literature surveys on dividend policy provides some stylized … facts. For example, US evidence indicates that the importance of cash dividends as a part of investors’ total returns has … attention that firms, security analysts, and investors give to dividends. Firms tend to follow a managed dividend policy rather …
Persistent link: https://www.econbiz.de/10011145182
Purpose – The purpose of this paper is to examine the pre- and post-split behavior for trades and quotes of iShare exchange-traded funds (ETFs) that split in June 2005. The objective is to determine whether post-split changes in the bid-ask spread, trade turnover, average dollar-size trade,...
Persistent link: https://www.econbiz.de/10009319839
to those corporations that do not make this election. The impact this election has on the dividends paid to the investors … assets (ROA). The dividend ratio is defined as dividends as a percentage of net income (dividends/net income). Accounting …
Persistent link: https://www.econbiz.de/10009319843
-reducing projects (moral hazard). Hence, the model combines signalling and free cash-flow motives for dividends. Furthermore, managerial … need to cut dividends in order to invest in a new value-creating project, but where the firm will be punished by the market … to cut dividends, hence passing up good projects. This paper demonstrates that managerial communication to investors …
Persistent link: https://www.econbiz.de/10009319848
and survey-based research on corporate payout policy. Findings – Dividends once constituted a prominent part of an … investor's total return, but this role has declined over time. Although many companies still pay cash dividends, share … the flexibility of repurchases relative to dividends. Developing a comprehensive model that explains the choice between …
Persistent link: https://www.econbiz.de/10009245361
larger dividends and more often than industrial firms. Investors often look at the dividends as being important return …
Persistent link: https://www.econbiz.de/10009245363
in 2006. Findings – Consistent with an agency view of dividends functioning to reduce the need for firm monitoring, it …
Persistent link: https://www.econbiz.de/10009245368
larger dividends and more often than industrial firms. Investors often look at the dividends as being important return …
Persistent link: https://www.econbiz.de/10009245369