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Author : Seongho Park
Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (319 download)
Download or read book An Empirical Examination of Corporate Dividend Policy written by Seongho Park and published by . This book was released on 1996 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jaehoo Choi
Publisher :
ISBN 13 :
Total Pages : 159 pages
Book Rating : 4.:/5 (753 download)
Download or read book An Empirical Examination of the Effect of Regulation on Corporate Dividend Policy written by Jaehoo Choi and published by . This book was released on 1989 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jaehoo Choi
Publisher :
ISBN 13 :
Total Pages : 354 pages
Book Rating : 4.:/5 (89 download)
Download or read book An Empirical Examination of the Effect of Regulation on Corporation Dividend Policy written by Jaehoo Choi and published by . This book was released on 1989 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Luis Correia da Silva
Publisher : OUP Oxford
ISBN 13 : 0191531812
Total Pages : 204 pages
Book Rating : 4.1/5 (915 download)
Download or read book Dividend Policy and Corporate Governance written by Luis Correia da Silva and published by OUP Oxford. This book was released on 2004-02-26 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dividends are not only a signal about a firm's prospects under asymmetric information, but they can also act as a corporate governance device to align the management's interests with those of the shareholders. Dividend Policy and Corporate Governance is the first comprehensive volume on the relationship between dividend policy and corporate governance, and examines in detail empirical studies and current theories. Reviewing the interactions between dividend policy and other corporate governance mechanisms, it compares results for the UK and the US with those for other countries such as France, Germany, and Japan, and provides new empirical evidence on corporate governance in continental Europe and its impact on dividends. Focusing on one of the main representatives of this system, Germany, it highlights major differences between the dividend policies of German firms and those of UK or US firms. Conventional wisdom states that German dividends are lower than UK or US dividends, yet on a published-profits basis the exact converse is true. In addition, the authors demonstrate a link between corporate control structures and dividend payouts, report evidence that the existence of a loss is an additional determinant of dividend changes, and demonstrate that the tax status of the controlling shareholder and the firm's dividend payout are not linked. The conclusions reached in this book have important implications for the current debate on corporate governance, making it invaluable for academics, finance professionals, regulators, and legal advisors.
Author : Blackson Mwale
Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (18 download)
Download or read book Managing Corporate Dividend Policy: an Empirical Analysis written by Blackson Mwale and published by . This book was released on 1982 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas C. Johansen
Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.:/5 (225 download)
Download or read book Dividend Policy Relevance written by Thomas C. Johansen and published by . This book was released on 1990 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hassan M. Shirvani
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book An Empirical Investigation of Asymmetric Behavior in Corporate Dividend Policy written by Hassan M. Shirvani and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Employing three alternative measures of ability to pay, we find support for the Lintner hypothesis that firms pursue a long-run target payout ratio and also that current earnings better explain long-run dividends than cash flows or stock prices. The evidence further indicates that corporations adjust dividends with a ratchet effect, raising them more readily than they lower them. More specifically, when dividends are below target levels, firms move toward equilibrium by increasing them, but when dividends are above target levels, firms approach equilibrium by restricting dividend increases as earnings rise.
Author : William Frederick Kennedy
Publisher :
ISBN 13 :
Total Pages : 504 pages
Book Rating : 4.:/5 (221 download)
Download or read book An Empirical Examination of Large Bank Dividend Policy written by William Frederick Kennedy and published by . This book was released on 19?? with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Luis Correia Da Silva
Publisher :
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.:/5 (431 download)
Download or read book Corporate Control and Financial Policy written by Luis Correia Da Silva and published by . This book was released on 1997 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Aidong Hu
Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (524 download)
Download or read book Corporate Dividend Policy and Managerial Entrenchment written by Aidong Hu and published by . This book was released on 2002 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jorge Farinha
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (129 download)
Download or read book Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis written by Jorge Farinha and published by . This book was released on 2002 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the agency explanation for the cross-sectional variation of corporate dividend policy in the UK by looking at the managerial entrenchment hypothesis drawn from the agency literature. The agency perspective of dividends asserts that cash payments to shareholders may help to reduce agency problems either by increasing the frequency of external capital raising and associated monitoring by investment bankers and investors (Easterbrook, 1984), or by eliminating free cash-flow (Jensen, 1986). Although other theories have been proposed to explain cross-sectional dividend policy (notably those based on signalling and tax clienteles), the existing empirical literature typically finds that the observed dividend behaviour is consistent with more than a single theory, and therefore usually fails to dismiss alternative explanations. However, the managerial entrenchment hypothesis taken from the agency literature offers a distinctive set of predictions that cannot be found in other competing stories for the explanation of cross-sectional dividend policy behaviour. Consistent with such hypothesis, this paper, using a large (exceeding 600 firms) sample of UK firms and two distinct periods, finds evidence of a strong U-shaped relationship between dividend payouts and insider ownership in the UK. Specifically, these findings show that after a critical entrenchment level estimated in the region of 30%, the coefficient of insider ownership changes from negative to positive. These results strongly suggest the possibility of managerial entrenchment when insider ownership reaches a threshold of around 30%. Evidence is also presented that non-beneficial holdings by insiders (i.e., shares held by insiders on behalf of third parties) can lead to entrenchment in conjunction with shares held beneficially.
Author : Mahmoud Ahmad Issa Moh'd
Publisher :
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.:/5 (283 download)
Download or read book An Examination of Dividend Policy Within the Agency Theory Framework written by Mahmoud Ahmad Issa Moh'd and published by . This book was released on 1991 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Milow H. Klein
Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (469 download)
Download or read book An empirical analysis of the relationship between return on investment and dividend policy written by Milow H. Klein and published by . This book was released on 1970 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Ray Irons
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (372 download)
Download or read book An Empirical Test of the Agency-cost Theory of Dividend Policy written by Robert Ray Irons and published by . This book was released on 1995 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lucy F. Ackert
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.E/5 ( download)
Download or read book An Empirical Examination of the Price-dividend Relation with Dividend Management written by Lucy F. Ackert and published by . This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frankie Dale Fort
Publisher :
ISBN 13 :
Total Pages : 270 pages
Book Rating : 4.:/5 (118 download)
Download or read book An Empirical Investigation of Dividend Policy Using the Capital Asset Pricing Model written by Frankie Dale Fort and published by . This book was released on 1975 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Meziane Lasfer
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (268 download)
Download or read book The Impact of Taxation on the Dividend Policy of the Firms written by Meziane Lasfer and published by . This book was released on 1992 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
