This article studies the stickiness and smoothness of dividend policy from a new perspective, through examining the dividend policy of Taiwanese firms over 2005-2012. The issues we investigate include: the propensity to paying dividends, the magnitude of dividends and the periods between the...

Since the death of Steve Jobs, Apple has distributed eleven quarterly dividends. Of these, cash was paid 7 days after the ex-dividend date on nine occasions, and twice after 8 days. However, it used to pay cash at least 18 days after the ex-dividend date. When examining the whole market, firms...

After 16 years of suspension during the leadership of Steve Jobs, Apple now pays cash dividends. Since the death of Jobs, Apple has distributed twelve quarterly dividends. Of these, cash was paid 7 days after the ex-dividend date on nine occasions, and twice after 8 days. It has been well...

Academic ethics stipulates that authors cite and review their related previous works when submitting a new paper. This article explicates this principle by demonstrating how the authors of a paper published in this journal failed to cite their previous work, thereby jeopardizing the reputation...

A study of the dates of shareholder meetings held in 2008 and 2009 reveals significant clustering. Especially on 13 June 2008, when 585 firms simultaneously held annual shareholders' meetings, accounting for 45.35% of the total market. Consequently, the Financial Supervisory Committee began to...

In addition to distributing dividends and repurchasing shares, directly distributing cash to shareholders in order to reduce capital is an alternative form of paying out. A firm can alter its capital structure by repurchasing shares or by reducing capital. This paper employs the approach of...

Liu and Yang (2008) compiled Taiwan's cash dividend distribution data from 2002 to 2006 and found that the period between the ex-dividend date and the payment date is distributed from 6 to 155 days. Furthermore, the dividend-weighted average periods of the whole market are stably increasing....

Parente and Prescott (1993) analyzed cross country economic growth data over the period 1960-1995 and concluded that there is no evidence supporting the existence of poverty trap. In our study we attempt to discuss this issue from the viewpoint of institutional economics. Although we do not...

We study the payout policy of Taiwanese firms over 2009-2011 and collect payout events of three forms: distributing cash dividends, conducting share repurchases and reducing capital. Due to the dominant role of dividends, we focus on four issues pertaining to dividends. The first issue is on the...