HE, TINA T.; LI, WILSON X. B.; TANG, GORDON Y. N. - In: Annals of Financial Economics (AFE) 08 (2013) 02, pp. 1350011-1
This study examines whether dividends payout has a positive contribution to firm performance while taking into account … over the 1998–2007 period, we find that dividends payout has statistically significantly positive impacts on both return on … assets (ROA) and Tobin's Q, particularly after controlling for the nonlinear relation between dividends and firm performance …