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 …

We investigate dividend smoothing behaviors of approximately 6,000 firms from 28 countries. The data find a wide … variation in the extent of dividend smoothing across countries, while US firms smooth dividends the most. Firms with a … concentrated ownership structure adjust their dividends quickly, especially when the target dividend level is lower than dividends …

of both slight recovery and persisting uncertainty. Results about the dividend yield confirm the hypotheses whilst the …

We test the impact of taxes and governance systems on dividend payouts across countries. We show that, unlike previous …

We study a model that relates dividend payout policy to behavioral issues based on the ideas of mental accounting. A … dividend policy, while previous empirical studies could tackle this issue only indirectly. With several robustness tests we … also address potential doubts concerning the quality of our data and analyze further implications of our theory …

This study examines whether dividend payout, an internal corporate governance mechanism, is a substitute or an outcome … alternative measures of dividend payout, industry definition, and shareholder protection …

This paper examines whether dividend policy is associated with earnings management and whether the relationship varies …,429 corporations from 29 countries, we show that dividend payers manage earnings less than dividend non-payers, and that this evidence … is stronger in countries with weak investor protection and high opacity. Further, we find that dividend payers manage …

We compare the cross-sectional variation in the dividend payout policies of companies across 32 countries. Beyond the … shareholder protection and business disclosures, and market quality in terms of transparency and liquidity; affect the dividend … payout policies. We find that firms have generous dividend payout policies when diverse shareholder demands are strong …

For a sample of 28,895 firms across 30 countries and 29 years, there is a negative relation between dividend tax rates … and dividend payout. Firms increase dividend payout in response to both absolute and relative (to capital gains tax rates …) decreases in dividend tax rates. This negative relation is robust to both increases and decreases and both shocks and continuous …