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Dividend policy is one of controversial financial issues. There are various theories about dividend but in this study, the focus is on empirical test of signaling theory. This theory says that the payment of dividends provides information for investors and analysts. The aim of this study is...
Persistent link: https://www.econbiz.de/10010058681
This paper examines the reaction of the Athens Stock Exchange (ASE) to dividend announcements by a sample of firms listed at the FTSE/ATHEX 20 and FTSE/ATHEX Mid 40 for a fixed period 2004-2008. It also provides analytical information about the Greek Stock Market and the regulations underlying...
Persistent link: https://www.econbiz.de/10009958058
The Securities and Futures Bureau (SFB) of Taiwan prescribes that firms applying for an initial listing after February 2002 must have at least two seats of independent directors (IDs) on the board. Under the SFB 2002 rules, this paper investigates the effect of such governance reforms in ID...
Persistent link: https://www.econbiz.de/10010009098
This study was conducted to investigate the influence of firm-specific characteristics which include firm size, profitability, debt equity ratio, liquidity and audit firm size on voluntary disclosure level of rural banks in the Ashanti region of Ghana. The research was conducted through detailed...
Persistent link: https://www.econbiz.de/10010009111
This paper theoretically examines the impact of conservatism on the asset price in an asset market allowing for … strategic interactions among traders. Due to the trades coming from conservatism traders contain less informational content, the … asset price is shown to be less informative in the presence of conservatism traders. In addition, this paper shows that the …
Persistent link: https://www.econbiz.de/10010148065
Share repurchase happens when a company repurchases its own shares for any purpose determined by the general meeting of shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders. However, contrary to dividends, it is quite...
Persistent link: https://www.econbiz.de/10009959730
This study investigates corporate reactions to the deregulation of stock repurchases that began on October 01, 2001, in Japan, by closely examining the motivations for stock repurchases, by which we study firms' usage of treasury stocks and identify the characteristics of firms that were more...
Persistent link: https://www.econbiz.de/10010009081
There are various factors that influence dividend payout policy of corporations; investment opportunity set and corporate financing are among the important ones. Numerous studies have been conducted on the topic of payout policy but less attention is paid on developing countries. In this paper...
Persistent link: https://www.econbiz.de/10010118431
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...
Persistent link: https://www.econbiz.de/10010185794
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