This paper investigates the effect of corporate risk management on dividend policy. We extend the signaling framework … level, the lower the incremental dividend. This result is in line with the purported positive relation between information … asymmetry and dividend policy (e.g., Miller and Rock, 1985) and the assertion that risk management alleviates the information …

arise as a consequence of an optimal allocation of cash-flow rights and monitoring rights, and how equity leads to dividend …

We examine how informational asymmetries affect firms' dividend policies. We find that firms that are more subject to … there is a negative relation between asymmetric information and dividend policy. Our results do not support the signaling … theory of dividends …

. Dividend-paying firms show less evidence of earnings management. Furthermore, nondividend payers changed earnings announcement … behavior more than dividend payers following the Sarbanes-Oxley Act, a law that increased financial disclosures …

bank’s cash holdings and can signal the bank’s type through its dividend policy. Banks that will be adversely affected by … unaffected banks can credibly signal via a more aggressive payout strategy. Dividend payout restrictions have the potential to …

crucial to investigate whether corporate managers utilize dividend payout policy as a corporate financial management tool to …-explored even though firms in emerging markets are of lower disclosure quality. This paper investigates how corporate dividend … 2015. We find a negative relation between stock market liquidity and dividend payout in Vietnamese firms. The finding …