... give the reader the major stylized facts about dividend policy. © Emerald Group Publishing Limited 2007 Dividends Payments Corporate finance Explaining dividend policy has been one of the most difficult challenges facing financial economists. Despite decades of study, we have yet...

... payments are future earnings and past dividends. The subsequent survey study of Pruitt and Gitman (1991) also confirms these results. Lintner's model has been generally found applicable in a number of other developed markets. It has been tested by Chateau (1979) for Canada, Shevlin (1982...

... like industrial firms, and families or individuals (not related to a director), increases the payout ratio. Luc Renneboog can be contacted at: luc.renneboog@uvt.nl © Emerald Group Publishing Limited 2007 Payments Dividends Shares Repurchase agreements Corporate governance Cash...

...Ian D. McManus; Owain ap Gwilym; Stephen H. Thomas Purpose A growing strand of literature has focused on the returns performance of zero dividend stocks. This paper seeks to provide new evidence on the link between dividend payment and returns history and firms’ subsequent stock market performance...

...Rebecca Mackenzie; Ben Kelleher; Ed Vos Refers to previous research on the reasons for takeovers, the characteristics of bidders/targets and methods of payment. Uses 1987‐1998 New Zealand data on a sample of 28 successful bidder/target pairs to analyse their growth/value relationships and methods...