-prepared dividend cutters and test the implications of two alternative theories: the “signaling through market preparation” theory and …-prepared dividend cutters. Overall, our empirical results are consistent with the signaling theory … information (“prepare the market”) in advance of a possible dividend cut, and the consequences of such market preparation. We use …

We analyze a firm's choice between dividend payments and stock repurchases under heterogeneous beliefs and the … of its equity, choose between paying out its cash available through a dividend payment or a stock repurchase, as well as …. Finally, we develop a number of new results characterizing a firm's long-run stock returns following dividend payments and …

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 scrutinize the impact of dividend policy on stock price volatility by considering the seminal paper of Baskin (1989 …). In this context, we examine the relationship between volatility and three dividend policy indicators, dividend yield …, dividend payout, and stock repurchases, for 1,221 firms in eleven developed and emerging countries in Europe during the 2003 …

model's predictions, cash-flow volatility changes in the opposite direction from that of dividend changes and larger changes …

The neo-classical finance theory suggests that capital markets can reasonably reflect the value of listed companies … stock return volatilities, and without a stable cash dividend policy, stock return volatilities may unrelated to the …

This paper examines the effect of institutional ownership on stock volatility, returns, and dividend policy in Egypt …. It also investigates the impact of dividend policy on the direction of the relation between institutional ownership and … on dividend payout ratio. Finally, we show that private institutional ownership significantly increases volatility for …

The purpose of this study was to examine the relationship between dividend policy and share price volatility with a … volatility with two main measurements of dividend policy, dividend yield and payout, were examined by applying multiple … relationship between share price volatility with two main measurements of dividend policy which are dividend yield and dividend …

dividend policies which affect the share price. We use dividend yield and dividend payout as proxies of dividend policy, and … regress these ratios together with other control variables. We model share price volatility as a function of dividend policy … which is proxies through dividend yield and dividend payout ratios using data for the period 2010–2019 collected from …