repurchases. Yet, few suggestions have been made on how to account for dividends in SOPs. This paper applies arguments from … results in a significant decrease in the level of corporate dividends and, at the same time, into an increase in share … between share repurchases and SOPs. …

signal its solvency by paying high and stable dividends in order to keep depositors tranquil. This signalling may require …

results show on average significant influence of profitability and debt level on the size of the dividends. Influence of size …

dividend smoothing phenomenon is virtually non-existent. On the other hand, when companies decide to pay dividends they, on …

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 …

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 …

limits of arbitrage leads to market inefficiency. Shareholders gain more from a share repurchases instead of paying a … 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). …

dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the … in volatility come with larger announcement returns. We find similar results for share repurchases. Crucially, the data …

results show on average significant influence of profitability and debt level on the size of the dividends. Influence of size …