von Eije, Henk; Megginson, William L. - In: Journal of Financial Economics 89 (2008) 2, pp. 347-374
We examine cash dividends and share repurchases from 1989 to 2005 in the 15 nations that were members of the European Union before May 2004. As in the United States, the fraction of European firms paying dividends declines, while total real dividends paid increase and share repurchases surge. We...
