Showing 41 - 50 of 42,934
The objective of this study is to empirically examine the capital structure theories that can explain the capital structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure theories as a stand-alone basis as well as an...
Persistent link: https://www.econbiz.de/10011988834
This paper examines and compares the dividend policies of American depository receipt (ADR) firms and U.S. firms and identifies the factors that determine these policies for both types of companies. We find that ADR firms have higher dividend yields than U.S. firms, while U.S. firms have higher...
Persistent link: https://www.econbiz.de/10013200412
The coronavirus pandemic has spread all over the world, affecting both the health and economic sectors. The aim of this research was to observe stock prices of customer goods before and after the COVID-19 pandemic using event study and the comparison test. The sample included data of daily...
Persistent link: https://www.econbiz.de/10012620411
. However, contrary to dividends, it is quite a new legal institution, which gained importance in developed capital markets as … repurchasing and changing relations between purchasing shares and paying out dividends in developed capital markets. It also …
Persistent link: https://www.econbiz.de/10010289518
levels of dividend payer participation. In summary, we find that it is a global result that dividends do matter to …
Persistent link: https://www.econbiz.de/10011097626
This paper investigates whether foreign institutional investors in emerging markets can enhance shareholder value. We pay special attention to two dimensions of investor heterogeneity: whether an investor declares itself as an activist, and whether an investor comes from a country with a strong...
Persistent link: https://www.econbiz.de/10011110645
. 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 …
Persistent link: https://www.econbiz.de/10011206097
This paper investigates the role of liquidity provisions played by individual investors prior to dividend announcements in Taiwan. We first document a positive relationship between aggregate individual trading before dividend announcements and abnormal stock returns in the one month after the...
Persistent link: https://www.econbiz.de/10010777004
rights are weak, creditors demand, and firms consent to lower dividends. These findings show that creditors, and not …
Persistent link: https://www.econbiz.de/10010868878
In this study, we examine the patterns and determinants of share repurchases using firm-level data from seven major countries—Australia, Canada, France, Germany, Japan, the U.K., and the U.S.—over the period 1998–2006. We find that while non-U.S. firms do not repurchase shares as much as...
Persistent link: https://www.econbiz.de/10011052903