...Devendra Kumar Shivshankar Gupta; Mitesh Jayswal Purpose The purpose of this study is to investigate the direct impact of geopolitical risk on the dividend policy of Indian firms. Design/methodology/approach The study uses Tobit regression model to examine the impact of geopolitical risk...

...Jillian Alderman; Joetta Forsyth; Charla Griffy-Brown; Richard Walton Purpose This study explores the relationship between US public firms’ dividend policies and CEO selection. Specifically, we examine the association between successor CEOs’ prior employment and firms’ payout policies around CEO...

...Devendra Kumar Shivshankar Gupta; Mitesh Jayswal; Priyan Kumaran Puliparambil Purpose The purpose of this paper is to examine the factors affecting the dividend policy of knowledge intensive firms (KIFs). Design/methodology/approach The study collects data for 86 KIFs listed on the National...

...Narcisa Meza; Anibal Báez; Javier Rodriguez; Wilfredo Toledo Purpose This paper aims to examine the relationship between the dividend signaling hypothesis and a firm's life cycle. Design/methodology/approach The authors use Dickinson's (2011) methodology to develop a proxy for the firm's...

...Adam Y.C. Lei; Huihua Li; Jin Yu Purpose The purpose of this paper is to examine the dividend payments and share repurchases of dual-class firms that have both their superior voting shares and inferior voting shares publicly traded. Design/methodology/approach This paper uses matched dual...

...Debasis Pahi; Inder Sekhar Yadav Purpose The purpose of this paper is to investigate the nexus between corporate governance and dividend policy of listed Indian firms. Design/methodology/approach Using new corporate governance stipulations, five new indices were constructed, namely, overall...

... value, net income and cash dividends. With stock price on the left-hand side of the GVM equation expressed on a per share basis, these measures of cash flow should also be viewed on a per share basis, thus leading to book value per share, EPS and dividends per share (DPS), respectively. Finally, ARP...

...Friday Kennedy Ozo; Thankom Gopinath Arun Purpose Very little is known about the effect of dividend announcements on stock prices in Nigeria, despite the country’s unique institutional environment. The purpose of this paper is, therefore, to provide empirical evidence on this issue...

...Silvio John Camilleri; Luke Grima; Simon Grima Purpose The purpose of this paper is to investigate the relationship between the share price volatility of Mediterranean banks and their dividend policies, with particular emphasis on the variation of results across sub-samples and the outcomes when...

...H. Kent Baker; Imad Jabbouri Purpose The purpose of this paper is to examine how Moroccan institutional investors view dividend policy. It discusses the importance these investors attach to the dividend policy of their investee firms, how much influence they exercise in shaping investee firms...

...Marwa Samet; Anis Jarboui Purpose The purpose of this paper is to investigate whether and how corporate social responsibility (CSR) performance contributes to shape firms’ payout policy. In particular, it examines the influence of CSR performance on payout level and payout channel choice (dividend...

...Richard Hauser; John H. Thornton Jr Purpose The purpose of this paper is to investigate an empirical solution to dividend policy relevance. Design/methodology/approach The paper combines measures of firm maturity in a logit regression to define a comprehensive life-cycle model...

...Brian Walkup Purpose The purpose of this paper is to investigate the impact of market-level uncertainty on dividend and repurchase decisions. Design/methodology/approach Using a large data set over a nearly 50-year period, the author examines the choice to pay dividends and repurchase shares...

...John Consler; Greg M. Lepak Purpose – The purpose of this paper is to describe and compare the mean response for selected financial variables in three dividend paying groups before and after the financial crisis of 2008. Dividend initiators are expected to be rewarded by investors over...

...H. Kent Baker; Imad Jabbouri Purpose – The purpose of this paper is to survey managers of firms listed on the Casablanca Stock Exchange (CSE) to learn their views about the factors influencing dividend policy, dividend issues, and explanations for paying dividends. It compares the results...

...Dr Monzurul Hoque; Nan Liu; Jamshid Mehran Purpose – The purpose of this paper is to investigate whether firms repurchase shares to meet or just beat their dividend target as managers perceive share repurchases are more flexible than dividends and managers have a strong desire to maintain...

...Subba Reddy Yarram; Brian Dollery Purpose – The purpose of this paper is to examine the influence of board structure on dividend policy of Australian corporate firms. It also considers the traditional explanations of corporate dividend choice, such as agency cost theory, signalling hypothesis...

...Professor H. Kent Baker; Dr Rob Weigand; H. Kent Baker; Sujata Kapoor Purpose – The purpose of this paper is to survey managers of dividend-paying firms listed on the National Stock Exchange (NSE) in India to learn their views about the factors influencing dividend policy, dividend issues...

...Professor H. Kent Baker; Dr Rob Weigand; H. Kent Baker; Rob Weigand Purpose – The purpose of this paper is to provide an overview and synthesis of some important literature on dividend policy, chronicle changing perspectives and trends, provide stylized facts, offer practical implications...

...-of-sample tests. Schwert (2003) further reviews anomalies and concludes that they seem to have disappeared in recent years. Along similar lines, Liu et al. (2008) report that after controlling for the earnings announcement drift, no evidence of price drift appears following dividend reductions...