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The aim of this paper is to analyse the influence of a company's level of earnings and growth opportunities in … Bursa Malaysia Index over a period of six years, from 1990 to 1996. The evidence suggests that the payers are more …'s dividend policy choice in Malaysia. This is consistent with the supposition that profitable firms are more likely to pay …
Persistent link: https://www.econbiz.de/10008563911
The aim of this paper is to analyse the influence of a company's level of earnings and growth opportunities in … Bursa Malaysia Index over a period of six years, from 1990 to 1996. The evidence suggests that the payers are more … significant determinant for firm's dividend policy choice in Malaysia. This is consistent with the supposition that profitable …
Persistent link: https://www.econbiz.de/10005754134
.e., overinvestment theory). Second, we find that dividends play a disciplinary role in firms with fewer growth opportunities by reducing …
Persistent link: https://www.econbiz.de/10008742585
El objetivo del presente trabajo es analizar la influencia que tienen las decisiones de endeudamiento, de distribuci¢n de dividendos y la estructura de propiedad sobre el valor de mercado de la empresa en situaciones caracterizadas por la ausencia o existencia de oportunidades rentables de...
Persistent link: https://www.econbiz.de/10005827292
relationship between dividends, corporate earnings, real growth and inflation in the USA by applying cointegration techniques. In … dividends. Research limitations/implications – The most important finding of this paper is the indication of a positive … to their investors. On the other hand, inflation may simply increase the nominal value of corporate earnings and …
Persistent link: https://www.econbiz.de/10009275354
dividends. This stability of dividends does not support the predictions suggested by the high bank leverage, absence of taxes … environment where firms distribute almost 100 percent of their profits in dividends, firms are highly levered mainly through bank … loans, there are no taxes on dividends and capital gains, and there is variability in cash dividend payments. These factors …
Persistent link: https://www.econbiz.de/10009275372
dividends provide management with an incentive to manipulate earnings. Design/methodology/approach – This paper employs a …Purpose – The purpose of this paper is to extend the literature on earnings management by examining whether stock … discretion. Findings – Stock dividend issuing firms increase accruals substantially in the issue year followed by poor earnings …
Persistent link: https://www.econbiz.de/10005081130
Purpose – The purpose of this paper is to examine whether voluntary disclosure and dividends signal future earnings for … disclosure and increased dividends to investors for firms that suffer an earnings decline after a sustained period of annual … with prior research, it is found that increasing dividends does not convey value relevant information about future earnings …
Persistent link: https://www.econbiz.de/10009350141
and accruals to explain dividends. Findings – It is found that both cash flows and accruals (earnings) possess significant … reports the first direct test of the link between disaggregated earnings components and UK dividends. … they provide users of accounts with additional insight into a firm's dividends beyond that conveyed by cash flows alone …
Persistent link: https://www.econbiz.de/10010610885
systematic risk include earnings, sales growth, book value, dividend, degree of operating leverage (DOL), degree of financial …-year earnings and current-year sales growth, if the combined effect of its current book value, dividend and earnings on stock price … effect of book value and earnings on stock price each is positive and the effect of dividend on stock price is positive …
Persistent link: https://www.econbiz.de/10010753772