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Persistent link: https://www.econbiz.de/10014535419
retained earnings. This recommendation takes two parts: Proposition III, i.e., a dividend has no impact on market value, and ….The purpose of this paper is to analyze non-dividend-distributing companies for positive NPV. I picked companies from the Standard … the null hypothesis should therefore be rejected.The paper also tabulates the assumptions needed for the Dividend …
Persistent link: https://www.econbiz.de/10012911752
financing, and follow liberal dividend distribution policy to satisfy investors' preference for regular income and resolve …
Persistent link: https://www.econbiz.de/10012966727
In this study, we want to investigate whether having a high dividend yield has a catalyst effect on stock prices during … the COVID-19 turmoil period. 164 manufacturing firms in Borsa Istanbul are classified as firms with high and low dividend … with high dividend yield are less impacted in this COVID-19 crash. Likewise, firms with a high frequency of dividend …
Persistent link: https://www.econbiz.de/10013293359
intangible assets are measured by using excess returns. In addition, financial policy is measured by debt and dividend policies …
Persistent link: https://www.econbiz.de/10012301696
This study identifies a J-shaped relation between dividends and firm value. On average, top-dividend-payers are valued … higher than all other firms, while non-dividend-payers are valued higher than low-dividend-payers. This J-shaped relation is … markets outside the U.S. Our evidence suggests that dividend theories, such as the dividend catering, free-cash-flow and …
Persistent link: https://www.econbiz.de/10013002963
The present study explores the relationship between dividend policy and firm value with respect to financial crisis … regression with two-step system Generalised Method of Moments (GMM) is applied. The findings show that dividend policy does not … affect firm value definitely. However, the study observes that financial crisis impacted the relationship between dividend …
Persistent link: https://www.econbiz.de/10013242962
value, earnings per share, and dividend policy, on stock returns. Our research uses regression analysis to determine and …, and dividend policy with dividend payout ratio indicators have no effect on stock return. …
Persistent link: https://www.econbiz.de/10014442351
Investment professionals, particularly financial analysts or security analysts evaluate securities and try to determine characteristics of securities and to identify mispriced securities. For that purpose they use different models to estimate the intrinsic value of the common stocks. Traditional...
Persistent link: https://www.econbiz.de/10009787042
dividend-paying firms, relative to firms with low R&D-intensity and zero dividends. Prior literature suggests that book value … book value is contextualised by allowing its coefficient to vary across high R&D-intensive firms, and dividend-paying, loss …
Persistent link: https://www.econbiz.de/10013115365