The dividend signaling hypothesis means that dividend change announcements send signals to the market about its … large-cap stocks. The sample was tested for dividend change announcement, and the sample was divided into large, medium, and … used to calculate the abnormal returns on the dividend announcement day. We found that dividends send signals to the market …

tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a … corporations' debt-equity ratios. The debt ratios drop sharply after the implementation of the reform. -- Neutral dividend tax …

This paper explores the impact dividend taxes exert on the dividends repatriated from foreign affiliates to their … German parent company. Based on an augmented Lintner model of firms' dividend payout decisions, the paper focusses on cross …-border intra-firm dividend payments of wholly-owned foreign affiliates in the manufacturing sector. Firm-level data from the …

For more than 50 years, researchers around the world have been searching for a solution to Blacks famous "dividend … "traditional view" of dividend taxation, German decision-makers cut back their dividend payments in response to the reduced …

This paper investigates the impact of the 2001 tax reform in Germany on dividend announcement returns. With this major … market response to positive dividend surprises is more pronounced under the full imputation system, where dividends are … observed decline in the dividend response coefficient is synchronized with the 2001 tax reform and hence attributable to the …

introduced by Miller and Modigliani (1961), is rejected. -- dividend announcements ; abnormal activity ; signalling effect …This paper examines the reaction of the Athens Stock Exchange (ASE) to dividend announcements by a sample of firms … multiple event-windows that are employed and therefore, the null hypothesis, which supports the irrelevance theory as …

shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders … adjusted Polish legal solutions to those valid in developed capital markets. -- payout policy ; share repurchase ; dividend …