Fernandez Perretti, Gizelle - 2011
The number of dividend paying firms has been on the decline since the popularity of stock repurchases in the 1980s, and … likely to continue to pay dividends, while firms that do not have a history of regular dividend payments are not likely to … begin to pay dividends or continue to do so. The results of a set of generalized polytomous logistic regressions imply that …