...Mohammed Amine Rharbi; Sami Ben Larbi; Nicolas Aubert Purpose Based on a theoretical framework that favors catering theory, this paper aims to determine whether French companies respond to investor demand and preference for share repurchases and dividend payments. Design/methodology/approach...

...Abdelaziz Chazi; Alexandra Theodossiou; Zaher Zantout Purpose The purpose of this paper is to develop and validate new robust measures of investors’ preference for the form of regular corporate payout. Then, the paper adds to the empirical evidence on catering theory by examining managers...

...Sébastien Dereeper; Aymen Turki Purpose The purpose of this paper is to address whether the past dividend policy of target firm impacts dividend policies following US mergers and acquisitions (M&A). Design/methodology/approach The authors use the catering theory as a theoretical approach...

...Ming-Hui Wang; Mei-Chu Ke; Feng-Yu Lin; Yen-Sheng Huang Purpose The purpose of this paper is to examine the dividend policy for firms listed on the Taiwan Stock Exchange. The results are consistent with the prediction of the catering theory in that managers choose a dividend policy to cater...

.... Originality/value – The findings suggest macro-economic conditions affect dividend payment changes among ADR firms. The results also imply that the lifecycle and catering theories may help explain dividend changes among ADR firms. DeAngelo et al. (2004) note the declining number of firms...