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This study assessed the relationship between dividend yield and financial performance of the listed companies at … statistics and regression analysis. The results indicated that dividend yield had a positive and significant relationship with … their dividend payments. …
Persistent link: https://www.econbiz.de/10014327987
Investor-driven "short-termism" is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases and dividends---is incomplete and misleading: it ignores...
Persistent link: https://www.econbiz.de/10012511344
We propose an asset pricing model in a production economy where cash flows are determined by firms' dividend and … holdings grow. Differences in the timing of dividend payments by younger growing firms and older mature firms help explain the … value and size premiums. Quantitative analysis shows that model-implied dividend policies and investments are consistent …
Persistent link: https://www.econbiz.de/10013093682
This paper investigates the relationship between dividend payouts and corporate investment. We find significant …
Persistent link: https://www.econbiz.de/10013026727
This study investigates empirically effect of investment decision and dividend policy on financing decision. This … that investment opportunity consistently has significant effect on financing decision as predicted. Dividend policy also …
Persistent link: https://www.econbiz.de/10013107145
A Dividend Reinvestment Plan (DRP) allows firms to increase their dividend payout and, at the same time, enables … a DRP under the Australian dividend imputation regime over the sample period 1995-2009. Dividend imputation ….Overall, we find evidence to support the role of taxation of equity income in the determination of a firm's dividend policy. Firms …
Persistent link: https://www.econbiz.de/10013101634
cross-section, we show that both dividend levels and changes contain more earnings information among firms with weaker … information through their dividend changes. We show that for firms with strong investment opportunities, because funding … dividend payout …
Persistent link: https://www.econbiz.de/10012849148
We examine how product market competition and financing constraints influence firm payout policy. Using Compustat firms for the period 1996 to 2017, we show that competition decreases firms' propensity to make payouts via dividends more if the firm is financially constrained. These results are...
Persistent link: https://www.econbiz.de/10012839724
We examine whether the reputation effect hypothesis is empirically valid for the dividend behavior of firms in an … dividend payouts is inverse U-shaped. Second, for firms with extra cash, the R&D intensity is positively associated with the … dividend payouts, and for firms with positive net debt the R&D intensity is less positively associated with the dividend …
Persistent link: https://www.econbiz.de/10012979254
This study aims to determine the effect of dividend policy on investment decisions of a sample of individual investors … of firms' dividend policies on individuals' decisions on investing in stocks were elaborated. The findings of the study … share, dividend policies in the previous years, whether they provide dividend, forms of dividend payment and dividend …
Persistent link: https://www.econbiz.de/10012999116