...-based organizational legitimacy hypothesis. Design/methodology/approach The authors construct the sample by hand-collecting the announcement dates of capital investments from major newspapers published in Taiwan from 2006 to 2014. The authors then use the event study methodology to estimate...

..., and provides a practical management tool for dividend policy. © MCB UP Limited 2003 Accounting research Dividends Smoothing Capital investment Modelling Policy Volume 29 Number 11 2003 35 Dividend Smoothing and Optimal Re-Investment by Dr. Richard John Fairchild, School of Management...

...(GROWTH) + 2(MTBV) + Explanatory Variables Coefficients t values Intercept 0.4297 8.68 GROWTH 0.0000 0.37 MARKET-TO-BOOK VALUE (MTBV) -0.0004 -0.23 p values 0.0000 0.8156 0.7125 Adjusted R2: 0.006 F-Statistic: 0.903 Accounting research Dividends Stock ownership Beta factor Capital...

...Barbara M. Yates; David E. Tinius Discusses previous research on the disincentive effects of some management performance measures on capital investment and the relationship between agency mechanisms (responsibility centre performance measures, tax incentives, compensation schemes and ownership...