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 …

Dividends payment is an important signalling device used by corporations. Through the dividend policy, firms can …

The purpose of this study was to examine the relationship between dividend policy and share price volatility with a … volatility with two main measurements of dividend policy, dividend yield and payout, were examined by applying multiple … relationship between share price volatility with two main measurements of dividend policy which are dividend yield and dividend …

There are two types of stock dividend in the Chinese stock market. This paper examines them in the period of 1997 …-2008. Empirical findings indicate that the stock dividend effect appears twice. The average abnormal return is 0.88% on the stock … dividend proposal date and 0.35% on the stock dividend declaration date. Both these findings are significant. There is an …

There are two types of stock dividend in the Chinese stock market. This paper examines them in the period of 1997 …-2008. Empirical findings indicate that the stock dividend effect appears twice. The average abnormal return is 0.88% on the stock … dividend proposal date and 0.35% on the stock dividend declaration date. Both these findings are significant. There is an …

Departing from the traditional cash flow rights-dividend policy framework, this study investigates whether the level of … their cash dividend policy. We find that the level of control rights is positively associated with both the propensity to … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use …

We study the stock price and trading volume reactions to dividend initiations by high-tech firms relative to those by …-tech and non-high tech firms surrounding dividend initiations. However, when we control for variables such as size and dividend … yield, stock returns and trading volume around dividend initiations are higher for high-tech firms than for non-high tech …