... 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...

... reasons: (i) for some institutions, dividend payments are tax efficient[10] and (ii) high dividends facilitate the flow of funds from and to their investment portfolios. H3. Considering the institutions’ preference for dividends (for tax reasons as well as for asset and liability...

... give the reader the major stylized facts about dividend policy. N. Bhattacharyya can be contacted at: nalinaksha@gmail.com © Emerald Group Publishing Limited 2007 Dividends Payments Corporate finance Explaining dividend policy has been one of the most difficult challenges...

...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...