The dividend payout problem in literature has largely been misspecified. The roles of dividends as signals, agency cost … reducers, fixed income providers or even the invariance of dividend payouts are all phenomenon that, based on market conditions … this study, I discuss few problems with prevalent approaches towards solving dividend puzzle in academia, provide …

We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss … of the same level next period. The model is consistent with several features of the data, including equilibrium dividend … policies similar to a Lintner partial-adjustment model; modal dividend changes of zero; stronger market reactions to dividend …

This paper finds that the dividend signaling hypothesis is able to explain the phenomenon of asset concentration in … short- and medium-term investments in the Islamic interest-free banking system. To maintain a stable dividend payout …