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Stock Exchange, on dividend policy of these companies in the years 2004-2014. An evaluation of the direction and strength of … – dividend payout policy based on the binary logit model - showed that along with a growing share of a foreign investor in a … given company the probability of dividend payment by the company increased significantly. The second – dividend level change …
Persistent link: https://www.econbiz.de/10011899978
dividends and foreign ownership deter earnings management. The author shows that dividend increases and foreign ownership … influence of dividends in increasing earnings quality decreases. Improving transparency through dividend increases and …
Persistent link: https://www.econbiz.de/10012887274
This paper examines whether long-term foreign investors may force firms to use a costly dividend to mitigate … make dividend more often in the subsequent years. The authors also find that foreign investors with long-term investments …
Persistent link: https://www.econbiz.de/10013411590
Persistent link: https://www.econbiz.de/10009158618
Persistent link: https://www.econbiz.de/10003766875
China's banking market is one of the most attractive investment targets for financial institutions worldwide especially since the opening up of the market in December 2006. Based on interviews with experts this paper analyses the question of benefits and risks of foreign direct investments into...
Persistent link: https://www.econbiz.de/10003750319
foreign investors in the Korean market are institutional investors and thus have both dividend clienteles and monitoring …
Persistent link: https://www.econbiz.de/10013020255
We estimate a dynamic model, featuring agency conflicts and a stochastic tax reform arrival, to evaluate how the change from a worldwide to territorial tax system, enacted under the TCJA, affects foreign investment. Although a worldwide system imposes a higher tax liability on foreign income, we...
Persistent link: https://www.econbiz.de/10012899398
A deep-ingrained doctrine in asset pricing says that if an empirical characteristic-return relation is consistent with investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the doctrine. Factors formed on characteristics are...
Persistent link: https://www.econbiz.de/10013110170
A deep-ingrained doctrine in asset pricing says that if an empirical characteristic-return relation is consistent with investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the doctrine. Factors formed on characteristics are...
Persistent link: https://www.econbiz.de/10013096092