Harakeh, Mostafa; Matar, Ghida; Sayour, Nagham - In: Journal of Economic Studies 47 (2020) 6, pp. 1507-1532
Purpose: The literature of financial economics documents a causal relationship between the level of information asymmetry in the firm and its dividend policy. Nevertheless, this relationship suffers endogeneity problems arising from reverse causality and omitted variable bias. The purpose of...