We examine how changes in dividend policy in 2008 as the financial crisis was unfolding influenced firm risk … these firms into four groups based on their dividend policy in 2008. We find that firms that decreased or eliminated …

We examine how changes in dividend policy in 2008 as the financial crisis was unfolding influenced firm risk … these firms into four groups based on their dividend policy in 2008. We find that firms that decreased or eliminated …

We investigate the ex-dividend behaviour of TSX listed Canadian firms during a period when both U.S and Canadian … governments cut taxes on dividend income. We test whether the tax differential between dividends and capital gains affects the … stock price drop ratio on ex-dividend date. Using quarterly dividend date from 2002-2007, we also investigate the existence …

Purpose: This paper examines whether the characteristics of boards are more important in determining dividend policy … than management characteristics. We show that as the final declarers of dividend policy is a firm’s board, the composition … of a firm’s board significantly subsumes the effect of management characteristics that may also influence dividend policy …

period induces a commitment of firms to future dividend payments. Since any deviation from such a commitment might be costly … to higher dividend volatility. Sticky wages in the General Equilibrium aim to provide firms with excess cash …

the dividend smoothing, determinants of dividend payouts, and the market reaction to dividend announcements of the modern … REIT. We find the Lintner (1956) smoothing parameter suggests a high level of dividend smoothing in quarterly data and … industrial counterparts. Beyond the dividend paid last period and contemporaneous earnings, usual determinants of dividend …

This study examines the link between financial reporting quality and dividend payout across 123 countries. We find that … financial reporting quality increases dividend payout after controlling for firm and country specifics. We also investigate … different channels that mediate the relation between financial reporting quality and dividend payout. We find that the positive …

We use a stochastic life-cycle model to examine the implications for Australian retirees of full access to dividend … equities in retirement portfolios, largely at the expense of world equities. We also generate estimates of the value of …

, higher dividend payout, lower foreign income, and higher closely held ownership. Further analysis provides evidence …