firms, we estimate models for dividends, new equity issuance and investment, relating them to debt adjustment. The results … suggest that while dividends are sticky in the short run, they are an important means of balance sheet adjustment in the long … run. Other evidence supports the idea that companies actively target their balance sheet by variation in dividends, new …

This paper examines the determinants of corporate dividend policy in Jordan. The study uses a firm-level panel data set … hypotheses, which are used to represent the main theories of corporate dividends. A general-to-specific modeling approach is used … to choose between the competing hypotheses. The study examines the determinants of the amount of dividends using Tobit …

studying Jordanian non‐financial firms. It aims to highlight the issue of dividend policy and the behaviour of dividends in … Jordan as an emerging market. Design/methodology/approach – The paper examines the dividend policy situation in Jordan and … studies and it also covers the determinants of dividend policy. Findings – The paper finds that the dividend policy in Jordan …

advantageousness of dividends in comparison to capital gains after the reform. …

We study the importance of owner wages and dividends as alternative payout channels in privately held firms. Using data … on all Swedish closely held corporations and their owner-managers over the period 2000 - 2009, we find that dividends … comprise one-fourth of total payout to owner-managers. Dividends are used as a flexible payout channel. Wages are the preferred …

German firms. To this end, we estimate Lintner (1956) partial adjustment models for both dividends and total payouts. We also … the hypothesis that dividends and repurchases are perfect substitutes. They are also inconsistent with the prediction that … predicts that dividends are used to disburse permanent, and repurchases transitory, earnings. …

dividend as long as capital gains are not heavily discriminated by taxation in relation to dividends. The positive price effect … of dividends can be enhanced if the firm implements a dividend reinvestment plan (DRIP). …

distributions - dividends and capital gains. This paper empirically analyzes the influence of the tax preferences of individual and … corporate shareholders for the two corporate distribution types - dividends or capital gains - from 1990 to 2012. In the first … have preferred capital gains and corporate shareholders have preferred dividends. To account for these differences …