Purpose – The purpose of this research is to analyze survey results on the perception of dividends by managers of dividend‐paying firms listed on the Toronto Stock Exchange (TSX). Design/methodology/approach – Managers from a sample of 291 dividend‐paying TSX‐listed Canadian firms were...

Capital market efficiency of emerging markets has been investigated widely in recent years. But to-date the empirical results remain inconclusive because most empirical studies use empirical tests, which are designed to detect linear structure in financial time series. However, recent...

We survey a large sample of Canadian firms to first learn whether they use real options, the types of real options used, and why firms do not use them. Only 36 of the 214 respondents (16.8%) report using real options, which ranks last among nine capital budgeting techniques. The main reason for...

This study investigates the financial practices of Canadian firms involving capital budgeting, cost of capital estimation, capital structure, and real options. Survey respondents express a strong preference for net present value followed by internal rate of return and payback methods. The least...

This study investigates the financial practices of Canadian firms involving capital budgeting, cost of capital estimation, capital structure, and real options. Survey respondents express a strong preference for net present value followed by internal rate of return and payback methods. The least...