increased dividends constrict management's future behavior, abating the agency problem with shareholders. The signaling … for dividend increases. Uniquely, this study simultaneously tests the signaling and agency abatement motivations as … partitions dividend increases into a sample motivated by agency abatement and a sample motivated by cash flow signaling. Further …

are shifts towards other factors. The results of the paper show that the lifecycle theory of dividends together with the … of the company have a significant impact on the level of dividends paid by the company. …

I argue that paying dividends before issuing new stock can increase the stock price in the case when firms announce … paying dividends by newly-raised funds from dividend information for new stock issuances. I employ the seasoned offerings of … Taiwan listed firms as the sample, because of their practice of paying dividends once a year. The conditional event study …

’s main contribution is to examine a range of new signaling models that provides a role for taxable cash dividends and share …Firms pay out cash using both dividends and share repurchases. In many aspects these two means are similar, but one … important difference is that dividends are generally taxed more heavily than share repurchases. Nevertheless firms persist in …