Jitmaneeroj, Boonlert - In: Review of Accounting and Finance 16 (2017) 1, pp. 125-140
to the dividend payout ratio. However, none of them investigates the condition under which the positive relationship … on the annual data of industries in the USA over the period of 1998-2014, this paper produces new evidence indicating … that when the return on equity is greater (less) than the required rate of return, the P/E ratio and dividend payout ratio …