. Consistent with stock dividends substituting for stock splits, our evidence indicates that the initiation of a stock dividend is …

market. We find that dividend paying stocks exhibit significantly positive abnormal returns while non-dividend paying stocks … and the combined dividends are the main drivers of this announcement effect. In contrast, pure cash dividend stocks …

This paper investigates the relationship between mutual funds' holdings and listed firms' dividend policies in China … dividend rates. This maybe due to that a large stock dividend payment will have a negative impact on some key financial ratios …

Purpose: The purpose of the study is to analyze motivation behind payment of cash dividend by the firms in India in … presence of tax provision that discourages payment of dividend by imposing tax on firms at the time of distribution ….Design/methodology/approach First, consistent with Jensen's (1986) view, the paper presents a theoretical model that shows - dividend payout addresses …

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 …

information-sensitive depositors (institutional investors) are targets of dividend signaling by banks. We use a unique database of … firms and individuals, which are potential targets of dividend signaling. We also exploit the features of the Brazilian … dividend-signaling. Finally, we find a negative relationship between dividends and the capital adequacy ratio, which indicates …

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 …