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Keywords: Nonlinearity
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Journal Articles
Journal:
Review of Accounting and Finance
Review of Accounting and Finance (2017) 16 (1): 125–140.
Published: 13 February 2017
...Boonlert Jitmaneeroj Purpose This paper aims to examine the conditional and nonlinear relationship between price-earnings (P/E) ratio and payout ratio. A common finding of previous studies using linear regression model is that the P/E ratio is positively related to the dividend payout ratio...
