A Dividend Reinvestment Plan (DRP) allows firms to increase their dividend payout and, at the same time, enables managers to retain cash in the firm for new investment opportunities. We examine the determinants of a firm's decision to adopt a DRP under the Australian dividend imputation regime...

This study investigated the disposition effect under economic crisis (Brexit & GFC) and found that the stock markets of New Zealand, Australia and Mumbai did not show any significant disposition effect during the crisis period. The paper utilizes secondary data analysis to discuss the...

This study focuses on the relationship between dividend payout ratio and DRP (Dividend Reinvestment Plan) adoption within the framework of the Australian dividend tax imputation system. Since the decision to adopt the DRP (Dividend Reinvestment Plan) is effected through the distribution of...

This study examines the characteristics of firms that have an underwritten Dividend Reinvestment Plan (“UDRP”) under the dividend tax imputation system in the Australian equity market. An underwritten dividend reinvestment plan is a DRP in which the underwriter guarantees a set participation...