dividend and earning. It means that dividend has information content about return and earning and so, signaling theory was …, signaling theory was not approved. In addition to, there was a significantly positive relationship between dividend and size. It … indicates that larger firms pay more dividends. -- dividend policy ; signaling theory ; corporate operating characteristics …

We develop a model of the effect of CEO overconfidence on dividend policy and empirically examine its central … predictions. Consistent with our main prediction, we find that the level of dividend payout is lower in firms managed by … growth opportunities and lower cash flow. We also show that the magnitude of the positive market reaction to a dividend …

This paper compares the dividend policy of owner-controlled firms with that of firms where the owners are a minority …-owners control the firm, the strong stakeholder uses the dividend payout decision to mitigate rather than to intensify the conflict … structure, the more the actual agency cost is reduced by the strong stakeholder's dividend payout decision. These findings are …

We examine whether the reputation effect hypothesis is empirically valid for the dividend behavior of firms in an … dividend payouts is inverse U-shaped. Second, for firms with extra cash, the R&D intensity is positively associated with the … dividend payouts, and for firms with positive net debt the R&D intensity is less positively associated with the dividend …

-averse to dividend cuts. We apply our framework to study how firm's characteristics and manager's incentives affect payout … less likely to pay dividends. Third, there is a clientele effect that is investors' preferences impact the dividend policy …. We show that if firm's investors are less sensitive to dividend cuts then the firm is less likely to pay dividends …

We examine changes in firms' dividend payouts following an exogenous shock to the information asymmetry problem between … managers and investors. Agency theories predict a decrease in dividend payments to the extent that improved public information … lowers managers' need to convey their commitment to avoid overinvestment via costly dividend payouts. Conversely, dividends …

-averse to dividend cuts. We apply our framework to study how firm's characteristics and manager's incentives affect payout … less likely to pay dividends. Third, there is a clientele effect that is investors' preferences impact the dividend policy …. We show that if firm's investors are less sensitive to dividend cuts then the firm is less likely to pay dividends …

We examine changes in firms' dividend payouts following an exogenous shock to the information asymmetry problem between … managers and investors. Agency theories predict a decrease in dividend payments to the extent that improved public information … lowers managers' need to convey their commitment to avoid overinvestment via costly dividend payouts. Conversely, dividends …

consistent with a theory of dividend payouts, in which the payout policy has a (short-run) stabilizing role on the bank …We study the dividend payouts of U.S. banks during the 2008 financial crisis. Using a difference … the rollover crisis that took place in 2008, increased their dividend payouts relative to less exposed banks. This …