Njoku, Okechukwu Enyeribe; Lee, Young Hwan - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-35
This study investigates the relationship between dividend policy, firm performance, and value within the Korean market … distinctive effects of various dividend policy measures through the lenses of interest alignment and managerial entrenchment … hypotheses. Surprisingly, while cash dividend payments exhibit a robust positive impact on Tobin's Q and market‑to‑book ratios …