...Min Bai; Yafeng Qin; Feng Bai Purpose The primary goal of this paper is to investigate the relationship between stock market liquidity and firm dividend policy within a market implementing the tax imputation system. The main aim is to understand how the tax imputation system influences...

...Nemiraja Jadiyappa; Ram Kumar Kakani Purpose The purpose of this paper is to examine how changes in creditors' rights affect the dividend policy behavior of corporate firms. Design/methodology/approach The authors use the implementation of the bankruptcy and insolvency code (IBC) in India...

...Omar Farooq; Neveen Ahmed Purpose This paper aims is to document the relationship between corporate ethics prevailing in the country and the dividend policies adopted by firms. Design/methodology/approach The paper uses the data of non-financial firms from 61 countries to test the arguments...

...Mohammed Bouaddi; Omar Farooq; Neveen Ahmed Purpose This study examines the effect of dividend policy on the ex ante probability of stock price crash and the ex ante probability stock price jump. Design/methodology/approach We use the data of publicly listed non-financial...

...Basil Al-Najjar; Erhan Kilincarslan Purpose The purpose of this paper is to shed light on the ongoing debate of dividend policy, which is considered one of the most controversial topics in corporate finance literature. Design/methodology/approach The paper provides a survey of literature...

...Basil Al-Najjar; Erhan Kilincarslan Purpose The purpose of this paper is to investigate the impact of regulations, reforms and legal environment on dividend policy in a different institutional setting. Particularly, it examines the firm-level cash dividend behaviour of publicly listed firms...

... are also used for the robustness checks. Findings Estimation results report that a positive effect of governance, combined with size of firm and profitability, on DPs. In contrast, financial distress and the global financial crisis, respectively, have negative effect on dividend policy. Further...

... bodies can consider encouraging managers to adopt unequal dividend schemes to allow higher dividend payments to small shareholders, especially in countries with weak legal protection for minority shareholders. Originality/value – Similar unequal dividend policies exist in European countries...

... Dividend policy Stock repurchase Canada Dividends While the vast majority of the extant payout literature focusses on US companies, relatively little published research involves payout polices of Canadian companies. The only major Canadian studies that examine both dividend and stock repurchase...