Jory, Surendranath R.; Ngo, Thanh; Sakaki, Hamid - In: Managerial Finance 43 (2017) 10, pp. 1170-1188
Purpose The purpose of this paper is to empirically examine the link between institutional ownership stability and dividend payout ratio. Design/methodology/approach First, the authors estimate the propensity of a firm to pay dividend. Next, the authors perform panel fixed-effect regressions of...