We use a survey approach to investigate the factors leading to the decision not to pay cash dividends in Canada. Our results show that Canadian managers perceive growth opportunities, low profitability, and cash constraints as the major underlying reasons for a firm's decision not to pay...

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 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...