This paper shows that for a sample of firms offering SEOs non dividend paying firms experienced larger valuation gains … from the 2003 dividend tax cut as compared to dividend paying firms. Using a growth option valuation framework, our … findings indicate that the growth option revaluation benefited the non dividend paying firms more. In particular, the book …

The catering theory of dividends proposed that corporate dividend policy is driven by prevailing investor demand for … the behavioural life-cycle theory and the marginal opinion theory of stock price, the dividend premium is positively … dividend payers, and that managers cater to investors by paying dividends when the dividend premium is high. While earlier …

determinants of dividend policy. Using a database of 312 companies we examine the cash dividends paid by public non …, leverage, relations with the banks, cash holdings, growth and ownership determine dividends. The results show that dividend …

, investment opportunities set, size, and profitability towards the dividend policy. This study employs the corporate data from … result shows that only life cycle stage of the company and its profitability are influential towards the dividend policy. The …

-sensitive depositors (institutional investors) are targets of dividend signaling by banks. We use a unique database of Brazilian banks, for … individuals, which are potential targets of dividend signaling. We also exploit the features of the Brazilian banking system, such …

This paper examines the effect of institutional ownership on stock volatility, returns, and dividend policy in Egypt …. It also investigates the impact of dividend policy on the direction of the relation between institutional ownership and … on dividend payout ratio. Finally, we show that private institutional ownership significantly increases volatility for …

This paper examines the dividend policy for firms listed on the Taiwan Stock Exchange and test the life cycle … hypothesis. The sample involves 6031 observations of dividend payments over the 16-year period 1992-2007. Consistent with the … prediction of the life cycle hypothesis, the results indicate that dividend payers (cash dividends, stock dividends, or both) are …

This paper explores the contribution of various financial measures in explaining the variability in a firm's dividend … payments. Ordinary least squares analysis of data from 2003 to 2007 shows that approximately 71% of the variability in dividend …

most pervasive determinant across other dividend measures such as dividend payout, total payout and repurchases. Overall …