in favor of agency considerations. Studies centered on the May 2003 dividend tax cut confirm that differences in the …

sales shocks. As a consequence, competitor inflexibility also affects the stability of firms' total wage- and dividend … inflexibility is associated with less dividend-smoothing and more wagesmoothing. Our evidence supports the idea that labor …

associated with investing in their shares. The additional evidence of a reasonable and stable dividend policy pursued by the …

This paper provides insight in dividend policy of publicly listed companies in Bosnia and Herzegovina and investigates … appearance of dividend smoothing behavior. The results show increase in portion of dividend paying companies over time while … dividend smoothing phenomenon is virtually non-existent. On the other hand, when companies decide to pay dividends they, on …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …

Dividend policy is one of controversial financial issues. There are various theories about dividend but in this study … for investors and analysts. The aim of this study is preparing the evidence on dividend signaling about corporate … that significantly positive correlation exists between dividend and return. Also, there was a similar relationship between …

This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost … exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the … difference between the actual dividend and the analyst consensus forecast as obtained from I/B/E/S as a proxy for the dividend …

dividend payments alone. The paper also examines the role that repurchases played in large BHCs' decisions to reduce or …-crisis repurchases and the size of dividend reductions for these institutions. …