countries over the period from year 1990 to 2008, we find that past dividend payers are more likely to terminate dividends and … that non-payers are less likely to initiate dividends during periods of high political uncertainty. These findings suggest … document that firms with lower market valuation or less liquidity are more likely to initiate dividends during periods of high …

We study the informational content of dividends on three Nordic civil law markets, i.e. on markets where the evidence … a VECM approach), we find evidence on dividend signaling as well as the stickiness of dividends. However, we also find … heterogeneity in the relationship between dividends and earnings on markets similar in many respects, suggesting that even small …

. Hence, companies invest excess funds in positive net present value projects instead of paying out as dividends. Literature … also suggests that market valuation of stocks depends on the expected future dividends. If company pays out all earnings …, paying more cash would increase the shareholders tax liability. Despite, companies often pay cash dividends to the …