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Do dividend policies signal corporate operating characteristics?
Raei, Reza; Moradi, Mahammad; Eskandar, Hoda - In: Journal of applied finance & banking 2 (2012) 4, pp. 13-24
dividend and earning. It means that dividend has information content about return and earning and so, signaling theory was …, signaling theory was not approved. In addition to, there was a significantly positive relationship between dividend and size. It … indicates that larger firms pay more dividends. -- dividend policy ; signaling theory ; corporate operating characteristics …
Persistent link: https://www.econbiz.de/10010058681
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The determinants of the dividend size in Croatia
Antonija, Kozul; Mihalina, Emil - In: UTMS journal of economics / University of Tourism and … 4 (2013) 2, pp. 143-151
Previous researches identified certain micro-level characteristics of the company as important determinants of dividend … level company choose. However, significant differences were noticed in the sensitivity of dividend size on same factors … among different countries. This paper empirically examines determinants of the dividend size of Croatian companies. The …
Persistent link: https://www.econbiz.de/10010185794
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Factoring perspective : Croatia vs European Union
Baresa, Suzana; Bogdan, Sinisa; Ivanovic, Zoran - In: UTMS journal of economics / University of Tourism and … 3 (2012) 2, pp. 141-166
This paper points out the problems of liquidity, disposal and obtaining funds, inability to collect receivables, delayed payments in times of economic and financial instability and dynamic business upheavals and uncertainty. As a contribution to resolve these issues new alternative methods of...
Persistent link: https://www.econbiz.de/10010058714
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The impact of regulatory reform on stock repurchases : evidence from Japan
Teng, Min; Hachiya, Toyohiko - In: Journal of applied finance & banking 1 (2011) 3, pp. 158-187
Japanese firms engaged in stock repurchases to signal undervaluation but not to adjust capital structure or substitute dividend … over the sample period. By examining the motivation for signalling undervaluation, we found that firms with relatively high … high cash dividend engaged in stock repurchases to reduce agency costs related to excess cash before deregulation rather …
Persistent link: https://www.econbiz.de/10010009081
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Dividend payout policy, investment opportunity set and corporate financing in the industrial products sector of Malaysia
Ardestani, Hananeh Shahteimoori; Rasid, Siti Zaleha Abdul; … - In: Journal of applied finance & banking 3 (2013) 1, pp. 123-136
There are various factors that influence dividend payout policy of corporations; investment opportunity set and … dividend payout policy of Malaysian industrial products sector is investigated. The sample consists of 62 companies which were … listed on the main board of Bursa Malaysia. The dependent variable is dividend payout which is measured by dividing dividend …
Persistent link: https://www.econbiz.de/10010118431
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Do dividend announcements affect the stock prices in the Greek Stock Market?
Vazakidis, Athanasios; Athianos, Stergios - In: International journal of economic sciences and applied … 3 (2010) 2, pp. 57-77
introduced by Miller and Modigliani (1961), is rejected. -- dividend announcements ; abnormal activity ; signalling effect …This paper examines the reaction of the Athens Stock Exchange (ASE) to dividend announcements by a sample of firms … multiple event-windows that are employed and therefore, the null hypothesis, which supports the irrelevance theory as …
Persistent link: https://www.econbiz.de/10009958058
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Share repurchases as a form of payout for shareholders
Kowerski, Mieczysław - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 37-54
shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders … adjusted Polish legal solutions to those valid in developed capital markets. -- payout policy ; share repurchase ; dividend …
Persistent link: https://www.econbiz.de/10009959730
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Endogenous governance transparency and product market competition
Hidalgo-Cabrillana, Ana - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136
This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
Persistent link: https://www.econbiz.de/10010148154
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Information sharing and lending market competition under strong adverse selection
Fernández-Ruiz, Jorge; García-Cestona, Miguel - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 2, pp. 235-245
In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77–99, 2007) show that information sharing increases banks’ profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case...
Persistent link: https://www.econbiz.de/10010148159
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Gütesiegel : zu detaillierte Angaben können die Funktionsfähigkeit der Zertifikate schmälern
Pollrich, Martin; Wagner, Lilo - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 19, pp. 15-18
Nach einer Serie von Lebensmittelskandalen ist das Vertrauen der Verbraucher in die Industrie erschüttert. Kritik schlägt dabei nicht nur den Herstellern selbst, sondern auch den Anbietern von Gütesiegeln entgegen, die Produkte leichtfertig zertifiziert haben. Die Rufe nach gesteigerter...
Persistent link: https://www.econbiz.de/10010148248