Dragotă, Victor; Pele, Daniel Traian; Yaseen, Hanaan - 2019
Dividend policy is still a largely discussed issue in corporate finance literature. One of the main indicators used in … analysing the dividend policy is the dividend payout ratio. Using a database consisting of 12,085 companies operating in 73 … countries, for the period 2008–2014, the authors found that the dividend payout ratio follows a Tweedie distribution, and not a …