This study analyzes the firm-specific factors affecting the dividend payout decisions of the companies whose shares are …–Bover/Blunder-Bond two-step system generalized method of moments, a statistically significant positive effect on dividend payout was found in … the relationship between the dividend payout of the previous year, the company’s return on equity and the market value …

Decision making about dividend payout is one of the most important decision that companies should encounter …. Identifying factors that influence dividends can help managers in making an appropriate dividend policy. In the other side …, companies' dividend payouts over time and with a stable manner may influence on stock price, future earnings growth and finally …

We compile a comprehensive international dividend and capital gains tax data set to study tax-based explanations of …

,760 firm-year observations. We prepared regression models for the dividend and investment ratio depending on the company … situation. The results contribute to the literature on firms' investment- and dividend-cash flow sensitivity and the order of … decisions: in a residual dividend policy, investment decisions are made first and the remaining profit is paid out as dividends …