We test for reliable evidence of the day-of-the-week effect on both the mean and volatility for the S&P/TSX Canadian return index. Unlike previous studies, we permit several specifications for the error distribution -- GARCH normal, Student's t, generalized error distribution, and double...

Purpose – The purpose of this paper is to examine cash dividends and stock repurchases in Canada from 1988 to 2006 and their relationship with earnings. Design/methodology/approach – The study uses logistic regressions to examine the likelihood of paying dividends and the timing of...

Purpose – The purpose of this research is to analyze survey results on the perception of dividends by managers of dividend-paying firms listed on the Toronto Stock Exchange (TSX). Design/methodology/approach – Managers from a sample of 291 dividend-paying TSX-listed Canadian firms were...

We survey managers of firms listed on the Toronto Stock Exchange about their views on dividends. We find the perceptions of factors that influence dividend policy differ between managers of financial and non-financial firms. Industry classification also affects how managers view statements about...