Showing 51 - 60 of 31,143
This study investigates the informational effect of stock liquidity on dividend payouts. Using a sam- ple of Polish … listed companies during 2000 - 2012, I do not find a relation between stock liquidi- ty and dividend payouts. This result is … find that the relation between stock liquidity and dividend payouts is more pronounced when the information environment is …
Persistent link: https://www.econbiz.de/10011865505
negative effect of profitability on dividend payout of banks in Nigeria during the period in question. The findings further … reveal evidence of a co-integrating relationship among past year dividend, profitability, capital adequacy and taxation, and … with evidence of unidirectional short-run causality among the variables used to test Lintner’s model and the dividend …
Persistent link: https://www.econbiz.de/10011843881
Stock Exchange, on dividend policy of these companies in the years 2004-2014. An evaluation of the direction and strength of … – dividend payout policy based on the binary logit model - showed that along with a growing share of a foreign investor in a … given company the probability of dividend payment by the company increased significantly. The second – dividend level change …
Persistent link: https://www.econbiz.de/10011899978
Over 40% of firms that make payouts also raise capital during the same year, resulting in 31% of aggregate share repurchases and dividends being externally financed, primarily with debt. Most externally financed payouts are the result of firms persistently setting payouts above free cash flow....
Persistent link: https://www.econbiz.de/10010485006
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. …
Persistent link: https://www.econbiz.de/10010393223
Vergleich zu einer Dividende vorteilhaft auf die Vermögensposition der Aktionäre auswirkt. Die Abschätzung der quantitativen … period. Prior to that point of time stock owners preferred profit distributions by share repurchase instead of a dividend due … examines the wealth of stock owners when a firm distributes earnings by dividend or share repurchase instead. The results …
Persistent link: https://www.econbiz.de/10010394767
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 …
Persistent link: https://www.econbiz.de/10010438185
We analyze how the introduction of repurchases in 1998, and a major tax reform in 2001, affected the payout policy of German firms. To this end, we estimate Lintner (1956) partial adjustment models for both dividends and total payouts. We also analyze the implications for payout of changes in...
Persistent link: https://www.econbiz.de/10010340376
This paper explores the impact dividend taxes exert on the dividends repatriated from foreign affiliates to their … German parent company. Based on an augmented Lintner model of firms' dividend payout decisions, the paper focusses on cross …-border intra-firm dividend payments of wholly-owned foreign affiliates in the manufacturing sector. Firm-level data from the …
Persistent link: https://www.econbiz.de/10003870801
Persistent link: https://www.econbiz.de/10003839241