dividend yield and dividend initiations for a large sample of U.S. firms. Firms located in counties with higher proportions of … Protestants are more likely to be dividend payers and have higher dividend yields whereas firms located in counties with higher … proportions of Catholics are less likely to be dividend payers and have lower dividend yields. Firms from Protestant areas are …

Prior research shows that religion promotes honesty. Honesty in turn motivates managers to view an expropriation from …

either the impact of religion on economic outcomes or the impact of economic outcomes on religious activities. Our estimation …

We examine stock prices and the number of stocks traded around ex-dividend dates of German stocks with tax …-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our … empirical results indicate that ex-date prices decline, on average, by the amount of the dividend. We do not find a significant …

The article analyses inter-dependencies between dividend, capital structure, and cost of capital, factoring the … concentrated ownership. Dividend, leverage, and average cost of capital are inter-linked. However, family firms pay lower dividends …

This study analyzes the firm-specific factors affecting the dividend payout decisions of the companies whose shares are …–Bover/Blunder-Bond two-step system generalized method of moments, a statistically significant positive effect on dividend payout was found in … the relationship between the dividend payout of the previous year, the company’s return on equity and the market value …