Ferris, Stephen P.; Sen, Nilanjan; Yui, Ho Pei - In: The Journal of Business 79 (2006) 3, pp. 1149-1174
We examine whether the decline in the number of dividend payers is purely a U.S. phenomenon or is part of a global trend. Focusing on the United Kingdom, a capital market comparable in maturity and sophistication to that of the United States, we find that the number of U.K. firms paying...