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 …

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 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 …

countries over the period from year 1990 to 2008, we find that past dividend payers are more likely to terminate dividends and …

countries over the period from year 1990 to 2008, we find that past dividend payers are more likely to terminate dividends and …