Existing empirical findings on the validity of catering theory of dividend policy are mixed at the aggregate … preferences for dividend policy with greater resolution. To fill this gap in the literature, we provide cross-sectional evidence … of the explanatory ability of market sentiment on dividend policy decisions. Sentiment sensitivity of individual stock …

This paper examines the relationship between ownership structure and dividend policy in Thailand in a sample of 1 … magnitude of dividend payouts increase (decrease) with higher institutional (individual) ownership, the findings mostly driven …

the existing dividend policy of the acquirer affects the choice of the payment method. Based on the contingent …-pricing effect of stock offer, we hypothesize that the likelihood of stock payment increase with the pre-merger dividend policy of … a dividend payer. Our analysis suggests that the positive wealth effect is related to the informative effect of acquirer …

between the timing of dividends and their information content, controlling for share repurchase and tax effects. Dividend … provide strong support for the information content of dividend reductions. The percentage of dividend reduction is stronger … for interim than for final dividend reductions. The market reaction is negatively related to the reduction in imputation …

agency costs. Our results support the pre-commitment hypothesis. Dual-class firms have higher cash dividend payments and …

could link to the firms' decisions to pay dividends. The positive dividend premiums show that investors in Thailand having … the preference towards dividend, even though the dividend incomes could be taxed more heavily than capital gain in … Thailand. After controlling the effect of 1997 Asian Crisis, there is the evidence to support the catering theory of dividends …

We study the determinants of dividend payout policy and examine the role of liquidity, risk and catering in explaining … the changes in propensity to pay. Our results indicate that risk plays a major role in firms' dividend policy. The …. For firms in the US, France, UK and Other European markets, liquidity is additionally an important determinant of dividend …

We propose an asset pricing model in a production economy where cash flows are determined by firms' dividend and … holdings grow. Differences in the timing of dividend payments by younger growing firms and older mature firms help explain the … value and size premiums. Quantitative analysis shows that model-implied dividend policies and investments are consistent …

advantage of our study is to investigate the direct impact of board diversity on a major corporate decision - i.e., dividend … the positive association between board diversity and dividend payout policy, our results suggest that board diversity has … a significant impact on dividend payout policy. The impact of board diversity on dividend payout policy is particularly …