paper investigates firm's propensity to pay dividends based on various logit and Tobit regressions as a function of … dividends. Their high propensity to pay persists over time. A large cash reserve can be used to deter hostile takeovers. Paying … dividends reduces cash holdings, leaving the firm more vulnerable to hostile takeovers. In equilibrium, value-maximizing firms …

developments imply bivariate cointegration among stock prices, dividends, output and consumption where independent models identify … stock prices, dividends, output and consumption, although not necessarily linked by a single common stochastic trend; each … series responds to disequilibrium with greater evidence of a reaction from dividends and consumption – of note, output …

paper investigates firm's propensity to pay dividends based on various logit and Tobit regressions as a function of … dividends. Their high propensity to pay persists over time. A large cash reserve can be used to deter hostile takeovers. Paying … dividends reduces cash holdings, leaving the firm more vulnerable to hostile takeovers. In equilibrium, value‐maximizing firms …

developments imply bivariate cointegration among stock prices, dividends, output and consumption where independent models identify … stock prices, dividends, output and consumption, although not necessarily linked by a single common stochastic trend; each … series responds to disequilibrium with greater evidence of a reaction from dividends and consumption – of note, output …