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firm which remains the relation with major customer in a longer period pays higher dividend. This finding is unbiased by … the substitutional effect between dividend and repurchase and robust in different model specifications. Digging deeper, I … find that the positive effect of relationship duration with major customer on supplier dividend payout is contributable to …
Persistent link: https://www.econbiz.de/10012844302
the scores analysis and forecasting. The methodology of the research consists of the Dividend Irrelevance theory, Dividend …The article treats a concept of the formalized modeling of the dividend policy scores and company marketing performance … scores derived (stock market position) within neutral dividend policy implementation approach conditions as an instrument of …
Persistent link: https://www.econbiz.de/10012823032
access to updated dividend discount models (DDMs). To address this need, we introduce a new “super annuity formula” that can …
Persistent link: https://www.econbiz.de/10012829146
investors, dividend payouts do not generally increase, mature firms do not pay higher dividends, but growing firms cut them down …
Persistent link: https://www.econbiz.de/10012831919
periodically in real life, we study periodic dividend strategies whereby dividend decisions are made according to a Poisson arrival … process. In this paper, we investigate the impact of fixed transaction costs on the optimal periodic dividend strategy, and … that bring the surplus back to b <sub> l </sub> as long as it is no less than b <sub> u </sub> at a dividend decision time …
Persistent link: https://www.econbiz.de/10012896608
retained earnings. This recommendation takes two parts: Proposition III, i.e., a dividend has no impact on market value, and ….The purpose of this paper is to analyze non-dividend-distributing companies for positive NPV. I picked companies from the Standard … the null hypothesis should therefore be rejected.The paper also tabulates the assumptions needed for the Dividend …
Persistent link: https://www.econbiz.de/10012911752
This study examines the factors that impact the dividend payout ratio of Turkish firms that are listed in Borsa … determinants of dividend policy. According to the empirical results, firms which have higher cash flows, large firms, firms with … found for the whole sample, this variable negatively affects dividend payout ratio in dividend paying firms. Further, the …
Persistent link: https://www.econbiz.de/10012869864
We analyze a firm's choice between dividend payments and stock repurchases under heterogeneous beliefs and the … of its equity, choose between paying out its cash available through a dividend payment or a stock repurchase, as well as …. Finally, we develop a number of new results characterizing a firm's long-run stock returns following dividend payments and …
Persistent link: https://www.econbiz.de/10012974192
profitability and earned/contributed capital mix on the decision to pay dividends and dividend payout are weaker for firms following … dividend payout and this effect does not vary between traditional and imputation tax systems. Firms with higher foreign … the imputation tax system upon dividend policy …
Persistent link: https://www.econbiz.de/10012976740
We examine whether the reputation effect hypothesis is empirically valid for the dividend behavior of firms in an … dividend payouts is inverse U-shaped. Second, for firms with extra cash, the R&D intensity is positively associated with the … dividend payouts, and for firms with positive net debt the R&D intensity is less positively associated with the dividend …
Persistent link: https://www.econbiz.de/10012979254