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with retained earnings. The combination of costly changes in dividends and retained earnings as the marginal source of … dividends and investments are negatively related. The overall conclusion is that the implication of the new view is supported …
Persistent link: https://www.econbiz.de/10010321814
repurchases and dividends being externally financed, primarily with debt. Most externally financed payouts are the result of firms …
Persistent link: https://www.econbiz.de/10010485006
with retained earnings. The combination of costly changes in dividends and retained earnings as the marginal source of … dividends and investments are negatively related. The overall conclusion is that the implication of the new view is supported …
Persistent link: https://www.econbiz.de/10011589078
The aim of this paper is to examine the effect of corporate governance, corporate financing decision, and ownership structure on firm performance. The study uses panel based regression approach; the analysis is based on a sample of 80 listed Kuwait Stock Exchange Market firms, over a period of 9...
Persistent link: https://www.econbiz.de/10013135649
Persistent link: https://www.econbiz.de/10013448485
Most firms deleverage from their historical peak market-leverage (ML) ratios to near-zero ML, while also markedly increasing cash balances to high levels. Among 4,476 nonfinancial firms with five or more years of post-peak data, median ML is 0.543 at the peak and 0.026 at the later trough, with...
Persistent link: https://www.econbiz.de/10011969090
This chapter reviews tax research related to whether corporate and personal taxes affect domestic and multinational capital structure, debt maturity, payout policy, compensation policy, risk management, earnings management, leasing, pensions, R&D partnerships, tax shelters, transfer pricing,...
Persistent link: https://www.econbiz.de/10014025561
Volume-based liquidity ratios suffer from potential measurement bias due to share restriction and may misrepresent actual liquidity. In this paper, we develop a modified metric, the free-float liquidity ratio. We argue that this measure is better suited to estimate liquidity in the presence of...
Persistent link: https://www.econbiz.de/10013242834
large panel of non-listed corporations, with a surge of dividends prior to 2006 and a sharp drop after. Mature firms are … more likely to pay dividends, and high asset growth increases the probability of retaining all earnings. Intertemporal … income shifting through the timing of dividends seems to be a drain on internal equity and cause increases in the …
Persistent link: https://www.econbiz.de/10010264543
large panel of non-listed corporations, with a surge of dividends prior to 2006 and a sharp drop after. Mature firms are … more likely to pay dividends, and high asset growth increases the probability of retaining all earnings. Intertemporal … income shifting through the timing of dividends seems to be a drain on internal equity and cause increases in the …
Persistent link: https://www.econbiz.de/10003806745