Abraham, Mathew; Marsden, Alastair; Poskitt, Russell - In: Pacific-Basin Finance Journal 31 (2015) C, pp. 57-77
This study examines the determinants of a firm's decision to utilize a dividend reinvestment plan (“DRP”) and shareholder participation rates under the Australian dividend imputation regime over the period 1995–2009. A DRP enables managers to increase the dividend payout and distribute...