This paper explores the relationship between employee rights and dividend policy across countries. Using labor right … index as a proxy for agency costs of employees, we test the association between labor rights and dividend policies across … dividend payment amounts. This relationship is reinforced to be more salient in civil countries where shareholder rights are …

This paper explores the relationship between employee rights and dividend policy across countries. Using labor right … index as a proxy for agency costs of employees, we test the association between labor rights and dividend policies across … dividend payment amounts. This relationship is reinforced to be more salient in civil countries where shareholder rights are …

In contrast to the disappearing dividends view, we predict that variability in dividend payments increases investor … demand for dividend information and analysts respond to this demand by producing informative dividend forecasts. We examine … dividend payers from 16 countries spanning 2000–2013 and find that only 25% of firms exhibit sticky dividends, while the …

This paper finds that dividend signaling hypothesis is able to explain the phenomenon of assets concentration in short … and medium investments in Islamic Interest-Free banking (IIFBs). In this paper a dividend signaling model framework has … been introduced, where in the process of maintaining a stable dividend, mangers of Islamic Interest-Free banking (IIFBs …

surge of special dividends in the final months of 2010 and 2012, immediately before individual-level dividend tax rates were … their regular dividend payments by shifting what would normally be January regular dividend payments into the preceding … December. To our knowledge this is the first evidence in the literature about changes in the timing of regular dividend …

How do dividend taxes affect stock volatility? In this paper, I use a decrease in dividend taxes as a natural … contract, changes in stock volatility due to dividend taxes may increase agency costs and therefore decrease overall welfare …-neutral shareholders, dividend taxes may exacerbate agency costs. The increase in agency costs will decrease shareholder welfare, which can …

We study the impact of different regulatory and ownership regimes on the dividend policy of regulated firms. Using a … following the adoption of incentive regulation, they adopt a dividend policy more responsive to earnings variability and more ….e. state control) trumps regulation when it comes to dividend payout policy …

We investigate the effect of a lack of an automated limit order adjustment mechanism on ex-dividend day stock price … price. In addition, we find that average price drops are smaller than the dividend amount for all dividend sizes. We also … find no evidence of a sawtooth-shaped relationship between the dividend amount and the ex-dividend day price drop. These …

of the classical log dividend–price ratio, we allow the data to reveal the cointegration vector between d and p. We … define the modified dividend–price ratio (mdp), as the long run trend deviation between d and p. Using S&P 500 data for the … correlation with the risk free return component, and can discern if a low dividend state coincides with a low yield state …

We investigate the effect of a lack of an automated limit order adjustment mechanism on ex-dividend day stock price … than the dividend amount for all dividend sizes. We also find no evidence of a sawtooth-shaped relationship between the … dividend amount and the ex-day price drop. These results are generally consistent with a lack of an automated limit order …