create a website

Determinants of Target Dividend Payout Ratio: A Panel Autoregressive Distributed Lag Analysis. (2015). Demirgune, Kartal .
In: International Journal of Economics and Financial Issues.
RePEc:eco:journ1:2015-02-11.

Full description at Econpapers || Download paper

Cited: 4

Citations received by this document

Cites: 124

References cited by this document

Cocites: 32

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Analysis of the effect of compliance, assurance, reliability, tangibility, empathy, responsiveness, insurance system, sincerity on customer satisfaction and customer loyalty on hospital in Indonesia. (2022). Ronald, Ronald ; Veroso, Maldini Virzinia ; Amelia, Amelia.
    In: International Journal of Science and Business.
    RePEc:aif:journl:v:10:y:2022:i:1:p:29-44.

    Full description at Econpapers || Download paper

  2. ANALYSIS OF THE DETERMINANTS OF DIVIDEND PAYOUT OF CONSUMER GOODS COMPANIES IN NIGERIA. (2018). Okoro, Cyprian Okey .
    In: Annals of Spiru Haret University, Economic Series.
    RePEc:ris:sphecs:0282.

    Full description at Econpapers || Download paper

  3. Working capital policies and value creation of listed non-financial firms in Ghana: a panel FMOLS analysis. (2018). Frimpong, Siaw.
    In: Business and Economic Horizons (BEH).
    RePEc:pdc:jrnbeh:v:14:y:2018:i:4:p:725-742.

    Full description at Econpapers || Download paper

  4. WORKING CAPITAL MANAGEMENT POLICIES AND RETURNS OF LISTED MANUFACTURING FIRMS IN GHANA. (2017). Kawor, Seyram ; Quansah, Edward ; Adam, Anokye M.
    In: Scientific Annals of Economics and Business (continues Analele Stiintifice).
    RePEc:aic:saebjn:v:64:y:2017:i:2:p:255-269:n:71.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Abeyratna, G., Power, D.M. (2002), The post-announcement performance of dividend-changing companies: the dividend-signalling hypothesis revisited. Accounting and Finance, 42, 131-151.

  2. Adedeji, A. (1998), Does the pecking order hypothesis explain the dividend payout ratios of firms in the UK? Journal of Business Finance and Accounting, 25(9), 1127-1155.

  3. Afza, T., Mirza, H. (2010), Ownership Structure and cash flows as determinants of corporate dividend policy in Pakistan. International Business Research, 3(3), 180-187.
    Paper not yet in RePEc: Add citation now

  4. Agyei, S.K., Marfo-Yiadom, E. (2011), Determinants of dividend policy of banks in Ghana. International Journal of Economics and Finance, 3(4), 202-207.

  5. Aharony, J., Swary, I. (1980), Quarterly dividend and earnings announcements and stockholders returns: an empirical analysis. Journal of Finance, 35(1), 1-12.

  6. Ahmed, H., Javid A.Y. (2008), Dynamics and determinants of dividend policy in Pakistan: evidence from Karachi stock exchange nonfinancial listed firms. Journal of Finance and Economics, 25(1), 148-171.

  7. Ajanthan, A. (2013), The relationship between dividend payout and firm profitability: a study of listed hotels and restaurant companies in Sri Lanka. International Journal of Scientific and Research Publications, 3(5), 1-6.
    Paper not yet in RePEc: Add citation now
  8. Akaike, H. (1973), Information theory and an extension of the maximum likelihood principle. In: Petrov, B.N., Csaki, F., editors. 2nd International Symposium on Information Theory. Budapest, Hungary: Academiai Kiado. p267-281.
    Paper not yet in RePEc: Add citation now
  9. Al-Malkawi, H.A.N., Rafferty, M., Pillai, R. (2010), Dividend policy: a review of theories and empirical evidence. International Bulletin of Business and Administration, 9(2), 171-200.
    Paper not yet in RePEc: Add citation now

  10. Al-Najjar, B. (2009), Dividend behaviour and smoothing: new evidence from Jordanian panel data. Studies in Economics and Finance, 26(3), 1825-1197.

  11. Allen, D.A. (1992), Target payout ratios and dividend policy: British evidence. Managerial Finance, 18(1), 9-21.
    Paper not yet in RePEc: Add citation now

  12. Allen, F., Bernardo, A.E., Welch, I. (2000), A theory of dividends based on tax clienteles. Journal of Finance, 55(6), 2499-2536.

  13. Alli, K.L., Khan, A.Q., Ramirez, G.G. (1993), Determinants of corporate dividend policy: a factorial analysis. Financial Review, 28(4), 523‑547.

  14. Amidu, M. (2007), How does dividend policy affect performance of the firm on Ghana stock exchange? Investment Management and Financial Innovations, 4(2), 104-112.
    Paper not yet in RePEc: Add citation now

  15. Amidu, M., Abor, J. (2006), Determinants of dividend payout ratios in Ghana. Journal of Risk Finance, 7(2), 136-145.

  16. Anil, K., Kapoor, S. (2008), Determinants of dividend payout ratios: a study of Indian information technology sector. International Research Journal of Finance and Economics, 15(2), 64-71.
    Paper not yet in RePEc: Add citation now
  17. Arnott, R.,Asness, C. (2003), Surprise! higher dividends = higher earnings growth. Financial Analysts Journal, 59(1), 70-87.
    Paper not yet in RePEc: Add citation now

  18. Asquith, P., Mullins, D.W. (1983), The impact of initiating dividend payments on shareholder wealth. Journal of Business, 56(1), 77-96.

  19. Bajaj, M.B., Vijh A.M. (1990), Dividend clienteles and the information content of dividend changes. Journal of Financial Economics, 26(2), 193-219.
    Paper not yet in RePEc: Add citation now
  20. Baker, H.K., Farrelly, G.E., Edelman, R.B. (1985), A survey of management views on dividend policy. Financial Management, 14(3), 1007-1034.
    Paper not yet in RePEc: Add citation now
  21. Baker, H.K., Powell, G.E. (1999), Dividend policy issues in regulated and unregulated firms: a managerial perspective. Managerial Finance, 25(6), 1-20.
    Paper not yet in RePEc: Add citation now

  22. Baker, H.K., Powell, G.E., Veit, E.T. (2002), Revisiting managerial perspectives on dividend policy. Journal of Economics and Finance, 26(3), 267-283.

  23. Baker, H.K., Saadi, S., Dutta, S., Gandhi, D. (2007), The perception of dividends by Canadian managers: new survey evidence. International Journal of Managerial Finance, 3(1), 70-91.

  24. Banerjee,A., Dolado, J., Galbraith, J., Hendry, D. (1993), Co-integration, Error Correction, and the Econometric Analysis of Non-stationary Data. Oxford: Oxford University Press.

  25. Barclay, M.J., Smith, C.W., Watts, R.L. (1995), The determinants of corporate leverage and dividend policies. Journal of Applied Corporate Finance, 7(4), 4-19.

  26. Beaver, W., Kettler, P., Scholes, M.S. (1970), The association between market determined and accounting determined risk measures. The Accounting Review, 45(3), 325-349.
    Paper not yet in RePEc: Add citation now

  27. Benartzi, S., Michaely, R., Thaler, R. (1997), Do changes in dividends signal the future or the past? Journal of Finance, 52(3), 1007-1034.

  28. Bhattacharya, S. (1979), Imperfect information, dividend policy, and “the bird in the hand” fallacy. Bell Journal of Economics, 10(1), 259-270.

  29. Bhattacharya, S. (1980), Nondissipative signaling structures and dividend policy. Quarterly Journal of Economics, 95(1), 1-14.

  30. BIST. (2002-2012). Annual Factbook. Istanbul: Borsa Istanbul Publications.
    Paper not yet in RePEc: Add citation now
  31. Black, F. (1976), The dividend puzzle. Journal of Portfolio Management, 2(2), 5-8.
    Paper not yet in RePEc: Add citation now

  32. Black, F., Scholes, M.S. (1974),The effects of dividend yield and dividend policy on common stock prices and returns. Journal of Financial Economics, 1(1), 1-22.

  33. Blume, M., Friend, I. (1987), Institutions in NASDAQ: a rapidly-growing presence. The NASDAQ Handbook. Chicago: Probus Publishing Company, USA.
    Paper not yet in RePEc: Add citation now

  34. Born, J.A., Rimbey, J.N. (1993), A test of Easterbrook hypothesis regarding dividend payments and agency costs. The Journal of Financial Research, 16(3), 251-260.

  35. Brav,A., Graham, J.R., Harvey, C.R., Michaely, R. (2005), Payout policy in the 21st century. Journal of Financial Economics, 77(3), 483-527.

  36. Brealey, R.A., Myers, S.C. (1991), Principles of Corporate Finance. 4th ed. NewYork, USA: McGraw-Hill Book Company. p918.
    Paper not yet in RePEc: Add citation now
  37. Brennan, M. (1970), Tax reform and the stock market: an asset price approach. American Economic Review, 23(4), 417-427.
    Paper not yet in RePEc: Add citation now
  38. Brigham, E.F., Gapenski, L.C. (1996), Intermediate Financial Management. 5th ed. Fort Worth, USA: The Dryden Press Harcourt Brace College Publishers. p10.
    Paper not yet in RePEc: Add citation now

  39. Brunzell, T., Liljeblom, E., Löflund,A., Vaihekoski, M. (2014), Dividend policy in Nordic listed firms. Global Finance Journal, 25(2), 124-135.

  40. Chen, G., Firth, M., Gao, N. (2002), The information content of concurrently announced earnings, cash dividends, and stock dividends: an investigation of the Chinese stock market. Journal of International Financial Management &Accounting, 13(2), 101-124.
    Paper not yet in RePEc: Add citation now
  41. Cheremushkin, S.V. (2011), Capital Structure Irrelevance: The Modigliani-Miller Model. In: Baker, H.K., Martin, G.S., editors. Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice, Kolb Series in Finance. USA: John Wiley& Sons, Inc. p153.
    Paper not yet in RePEc: Add citation now

  42. Conroy, R.M., Eades K.M., Harris R.S. (2000), A test of the relative pricing effects of dividends and earnings: evidence from simultaneous announcements in Japan. Journal of Finance, 55(3), 119-1227.

  43. Crutchley, C.E., Hansen, R.S. (1989), A test of the agency theory of managerial ownership, corporate leverage, and corporate dividends. Financial Management, 18(4), 36-46.
    Paper not yet in RePEc: Add citation now
  44. D’Souza, J., Saxena, A.K. (1999), Agency cost, market risk, investment opportunities and dividend policy: an international perspective. Managerial Finance, 25(6), 35-43.
    Paper not yet in RePEc: Add citation now
  45. Demirgüneş: Determinants of Target Dividend Payout Ratio: APanel Autoregressive Distributed Lag Analysis International Journal of Economics and Financial Issues | Vol 5 • Issue 2 • 2015 425 Collins, M.C., Saxena, A.K., Wansley, J.W. (1996), The role of insiders and dividend policy: a comparison of regulated and unregulated firms. Journal of Financial and Strategic Decisions, 9(2), 1-9.
    Paper not yet in RePEc: Add citation now

  46. Dempsey, S.J., Laber, G. (1992), Effects of agency and transaction costs on dividend payout ratios: further evidence on the agency-transaction cost hypothesis. Journal of Financial Research, 15(4), 317-321.

  47. Dempsey, S.J., Laber, G., Rozeff, M.S. (1993), Dividend policies in practice: is there an industry effect? Quarterly Journal of Business and Economics, 32(4), 3-13.
    Paper not yet in RePEc: Add citation now

  48. Dhaliwal, D., Erickson, M., Trezevant, R. (1999), A test of the theory of tax clienteles for dividend policies. National Tax Journal, 52(2), 179-194.

  49. Easterbrook, F.H. (1984), Two agency-cost explanations of dividends. American Economic Review, 74(3), 650-658.

  50. Erdem, E., Ucler, G., Bulut, U. (2014), Impact of domestic credits on the current account balance: a panel ARDL analysis for 15 OECD countries. Actual Problems of Economics, 151, 408-416.
    Paper not yet in RePEc: Add citation now
  51. Fama, E.F., Babiak, H. (1968), Dividend policy: an empirical analysis.
    Paper not yet in RePEc: Add citation now
  52. Farrar, D.E., Selwyn, L.L. (1967), Taxes, corporate financial policy and return to investors. National Tax Journal, 20(1), 444-454.
    Paper not yet in RePEc: Add citation now
  53. Farsio, F., Geary,A., Moser, J. (2004), The relationship between dividends and earnings. Journal for Economic Educators, 4(4), 1-5.
    Paper not yet in RePEc: Add citation now
  54. Frankfurter, G.M., Lane, W.R. (1992), The rationality of dividends. International Review of Financial Analysis, 1(2), 115-130.
    Paper not yet in RePEc: Add citation now
  55. Gill, A., Biger, N., Tibrewala, R. (2010), Determinants of dividend payout ratios: evidence from United States. Open Business Journal, 3(1), 8-14.
    Paper not yet in RePEc: Add citation now
  56. Gordon, M.J. (1959), Dividends, earnings, and stock prices. Review of Economics and Statistics, 41(2), 99-135.
    Paper not yet in RePEc: Add citation now

  57. Gordon, M.J. (1963), Optimal investment and financing policy. Journal of Finance, 18(2), 264-272.

  58. Gordon, M.J., Shapiro, E. (1956), Capital equipment analysis: the required rate of profit. Management Science, 3(1), 102-110.

  59. Gordon, R., Bradford, D. (1980), Taxation and the stock market valuation of capital gains and dividends: theory and empirical results. Journal of Public Economics, 14(2), 109-136.

  60. Grinstein, Y., Michaely, R. (2005), Institutional holdings and payout policy. Journal of Finance, 60(3), 1389-1426.

  61. Gul, S., Sajid, M., Razzaq, N., Iqbal, M.F., Khan, M.B. (2012), The relationship between dividend policy and shareholders’ wealth. Economics and Finance Review, 2(2), 55-59.
    Paper not yet in RePEc: Add citation now
  62. Gwilym, O., Seaton, J., Suddason, K., Thomas, S. (2006), International evidence on the payout ratio, earnings, dividends, and returns. Financial Analysts Journal, 62(1), 36-53.
    Paper not yet in RePEc: Add citation now

  63. Hausman, J.A. (1978), Specification test in econometrics. Econometrica, 46(6), 1251-1271.

  64. Hess, P. (1982), The ex-dividend day behavior of stock returns: further evidence on tax effects. Journal of Finance, 37(2), 445-456.

  65. Higgins, R.C. (1972), The Corporate Dividend-saving Decision. Journal of Financial and Quantitative Analysis, 7(2), 1527-1541.

  66. Holder, M.E., Langrehr, F.W., Hexter, J.L. (1998), Dividend policy determinants: an investigation of the influences of stakeholder theory. Financial Management, 27(3), 73-82.
    Paper not yet in RePEc: Add citation now

  67. Howatt, B., Zuberb, R.A., Gandarc, J.M., Lambd, R.P. (2009), Dividends, earnings volatility and information. Applied Financial Economics, 19(7), 551-562.

  68. Im, K.L., Pesaran, M.H., Shin, Y. (2003), Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53-74.

  69. Impson, M. (1997), Market reaction to dividend-decrease announcements: public utilities vs. unregulated industrial firms. Journal of Financial Research, 20(3), 407-422.

  70. Jensen, G.R., Solberg, D.P., Zorn,T.S. (1992), Simultaneous determination of insider ownership, debt, and dividend policies. Journal of Financial and Quantitative Analysis, 27(2), 263-274.

  71. Jensen, M.C. (1986), Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76(2), 323-329.

  72. Jensen, M.C., Meckling, W.H. (1976), Theory of the firm: managerial behavior, agency costs and capital structure. Journal of Financial Economics, 3(4), 305-360.

  73. John, K., Williams, J. (1985), Dividends, dilution, and taxes: a signaling equilibrium. Journal of Finance, 40(4), 1053-1070.

  74. John, S.F., Muthusamy, K. (2010), Leverage, growth and profitability as determinants of dividend payout ratio: evidence from Indian Paper industry.Asian Journal of Business Management Studies, 1(1), 26-30.
    Paper not yet in RePEc: Add citation now

  75. Kalay, A. (1982), Stockholder-bondholder conflict and dividend constraints. Journal of Financial Economics, 10(2), 211-233.

  76. Kalay, A., Michaely, R. (2000), Dividends and taxes: a reexamination. Financial Management, 29(2), 55-75.

  77. Lang, L.H.P., Litzenberger, R.H. (1989), Dividend announcements: cash flow signalling versus free cash flow hypothesis. The Journal of Financial Economics, 24(1), 181-191.
    Paper not yet in RePEc: Add citation now

  78. Laurenceson, J., Chai, C.H. (2003), Financial Reform and Economic Development in China. Australia, UK: University of Queensland, Edward Elgar Publishing, Inc.

  79. Lee, S.H., Makhija, M. (2009), Flexibility in internalization: is it valuable during an economic crisis? Strategic Management Journal, 30(5), 537-555.

  80. Leon, F.M., Putra, P.M. (2014), The determinant factor of dividend policy at non finance listed companies. International Journal of Engineering, Business and Enterprise Applications, 7(1), 22-26.
    Paper not yet in RePEc: Add citation now

  81. Levin, A., Lin, C.F., Chu, C.J. (2002), Unit root tests in panel data: asymptotic and finite sample properties. Journal of Econometrics, 108(1), 1-24.

  82. Lie, E. (2000), Excess funds and agency problems: an empirical study of incremental cash disbursements. Review of Financial Studies, 13(1), 219-248.

  83. Lintner, J. (1956), Distribution of incomes of corporations among dividends, retained earnings and taxes.American Economics Review, 46(2), 97-113.
    Paper not yet in RePEc: Add citation now
  84. Lintner, J. (1962), Dividends, earnings, leverage, stock prices and supply of capital to corporations. Review of Economics and Statistics, 64(3), 243-269.
    Paper not yet in RePEc: Add citation now

  85. Litzenberger, R.H., Ramaswamy, K. (1979), The effect of personal taxes and dividends on capital asset prices theory and empirical evidence. Journal of Financial Economics, 7(2), 163-195.

  86. Lloyd, W.P., Jahera, S.J., Page, D.E. (1985), Agency cost and dividend payout ratios. Quarterly Journal of Business and Economics, 24(3), 19-29.
    Paper not yet in RePEc: Add citation now

  87. Long, J.B. (1978), The market valuation of cash dividends: a case to consider. Journal of Financial Economics, 6(2/3), 235-264.

  88. Maddala, G.S., Wu, S. (1999),Acomparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61, 631-651.

  89. Mahapatra, R.P., Sahu, P.K. (1993), A note on determinants of corporate dividend behaviour in India: an econometric analysis. Decision, 20(1), 1-22.
    Paper not yet in RePEc: Add citation now
  90. Martin, J.D., Petty, J.W., Keown,A.J., Scott, D.F. (1991), Basic Financial Management. 5th ed. Englewood Cliffs, New Jersey, USA: Prentice Demirgüneş: Determinants of Target Dividend Payout Ratio: APanel Autoregressive Distributed Lag Analysis International Journal of Economics and Financial Issues | Vol 5 • Issue 2 • 2015 Hall Publications.
    Paper not yet in RePEc: Add citation now

  91. McCabe, G.M. (1979), The empirical relationship between investment and financing: a new look. Journal of Financial and Quantitative Analysis, 14(1), 119-135.

  92. Michaely, R., Thaler, R.H., Womack, K.L. (1995), Price reactions to dividend initiations and omissions: overreaction or drift? Journal of Finance, 50, 573-608.

  93. Miller, M. (1986), Can management use dividends to influence the value of the firm? In: Stern, J.M., Chew, D.H. Jr., editors. The Revolution in Corporate Finance. USA: Basil Blackwell. p299-303.
    Paper not yet in RePEc: Add citation now

  94. Miller, M., Modigliani (1961), Dividend policy, growth, and the valuation of shares. Journal of Business, 4, 411-433.

  95. Miller, M., Rock K. (1985), Dividend policy under asymmetric information. Journal of Finance, 40(4), 1031-1051.

  96. Miller, M., Scholes M.S. (1982), Dividends and taxes: some empirical evidence. Journal of Political Economy, 90(6), 1118-1141.

  97. Moh’d, M.A., Perry L.G., Rimbey J.N. (1995), An investigation of the dynamic relationship between agency theory and dividend policy. Financial Review, 30(2), 367-385.

  98. Myers, S.C. (1984), The capital structure puzzle. Journal of Finance, 39(3), 575-592.

  99. Ndambendia, H., Njoupouognigni M. (2010), Foreign aid, foreign direct investment and economic growth in Sub-Saharan Africa: evidence form pooled mean group estimator (PMG). International Journal of Economics and Finance, 2(3), 39-45.
    Paper not yet in RePEc: Add citation now

  100. Nissim, D., Ziv D. (2001), Dividend changes and future profitability.

  101. Ofer,A., ThakorA. (1987),Atheory of stock price responses to alternative corporate cash disbursement methods: stock repurchases and dividends. Journal of Finance, 42(2), 365-394.

  102. Omran, M., Pointon J. (2004), Dividend policy, trading characteristics, and share prices: empirical evidence from Egyptian firms. International Journal of Theoretical and Applied Finance, 7(2), 121-130.

  103. Pesaran, M.H., Shin Y. (1999), An autoregressive distributed lag modelling approach to cointegration analysis. In: Strom, S., editor. Econometrics and Economic Theory in the 20th Century. The Ragnar Frisch Centennial Symposium. Ch. 11. Cambridge: Cambridge University Press.
    Paper not yet in RePEc: Add citation now

  104. Pesaran, M.H., Shin Y., Smith R. (2001), Bounds testing approaches to the analysis of level relationships. Journal ofApplied Econometrics, 16(3), 289-326.

  105. Pesaran, M.H., Shin,Y., Smith, R.J. (1999) Pooled mean group estimation of dynamic heterogeneous panels. Journal of theAmerican Statistical Association, 94(446), 621-634.
    Paper not yet in RePEc: Add citation now

  106. Pettit, R. (1972), Dividend announcements, security performance, and capital market efficiency. Journal of Finance, 27(5), 993-1007.

  107. Pettit, R. (1976), The impact of dividends and earnings announcements: a reconciliation. Journal of Business, 49(1), 86-96.

  108. Pettit, R. (1977), Taxes, transactions costs and the clientele effect of dividends. Journal of Financial Economics, 5(3), 419-436.

  109. Ping, Z., Ruland P. (2006), Dividend payout and future earnings growth. Financial Analysts Journal, 62(1), 58-69.
    Paper not yet in RePEc: Add citation now

  110. Poterba, J.M., Summers L.H. (1984), New evidence that taxes affect the valuation of dividends. Journal of Finance, 39(5), 1397-1415.

  111. Priya, K., Nimalathasan B. (2013), Dividend Policy Ratios and Firm Performance: A Case Study of Selected Hotels and Restaurants in Sri Lanka. Global Journal of Commerce and Management Perspectives, 2(6), 16-22.
    Paper not yet in RePEc: Add citation now

  112. Pruitt, S.W., Gitman L.W. (1991), The interactions between the investment, financing, and dividend decisions of major US firms. Financial Review, 26(33), 409-430.

  113. Rodriguez, R.J. (1992), Quality dispersion and the feasibility of dividends as signals. Journal of Financial Research, 15(4), 307-315.

  114. Ross, S. (1977), The determination of financial structures: the incentive signaling approach. Bell Journal of Economics, 8(1), 23-40.

  115. Rozeff, M.S. (1982), Growth, beta and agency cost as determinants of dividend payout ratios. Journal of Financial Research, 5(3), 461-488.

  116. Ryan, T.M. (1974), Dividend policy and market valuation in British industry. Journal of Business Finance and Accounting, 1(3), 57-76.
    Paper not yet in RePEc: Add citation now
  117. Seida, J.A. (2001), Evidence of tax-clientele-related trading following dividend increases. Journal of the American Taxation Association, 23(1), 1-21.
    Paper not yet in RePEc: Add citation now
  118. Shevlin, T. (1982), Australian corporate dividend policy: empirical evidence. Accounting and Finance, 22(1), 1-22.
    Paper not yet in RePEc: Add citation now
  119. Simones, M.C.N. (2011), Education composition and growth: a pooled mean group analysis of OECD countries. Panoeconomicus, 58(4), 455-471.
    Paper not yet in RePEc: Add citation now

  120. Stapleton, R.C. (1972), Taxes, the cost of capital and the theory of investment value. Economic Journal, 82(1), 1273-1292.

  121. Thanatawee, Y. (2013), Life-cycle theory and free cash flow hypothesis: evidence from dividend policy in Thailand. International Journal of Economics and Finance, 5(1), 121-132.
    Paper not yet in RePEc: Add citation now
  122. Van Horne, J.C. (2002), Financial Management and Policy. 12th ed. New Jersey, USA: Prentice Hall Inc. Publications. p16.
    Paper not yet in RePEc: Add citation now
  123. Vivian, A. (2006), The Payout Ratio, Earnings Growth Returns: UK Industry Evidence. Working Paper, School of Economics, Finance and Business, University of Durham.
    Paper not yet in RePEc: Add citation now

  124. Walter, J.E. (1963), Dividend policy: its influence on the value of the enterprise. Journal of Finance, 18(2), 280-291.

Cocites

Documents in RePEc which have cited the same bibliography

  1. The role of debt financing in the relationship between capital structure, firm’s value, and macroeconomic factors: To throw caution to the wind. (2023). Yousaf, Sheikh Usman ; Anser, Muhammad Khalid ; Sadiq, Misbah ; Zaman, Khalid ; Ur, Haroon ; van Tu, Duong ; Sriyanto, Sriyanto ; Mohd, Siti Nisrin.
    In: The Quarterly Review of Economics and Finance.
    RePEc:eee:quaeco:v:87:y:2023:i:c:p:212-223.

    Full description at Econpapers || Download paper

  2. Does firm payout policy affect shareholders’ dissatisfaction with directors?. (2021). Cheng, Xiaoyan ; Tanyi, Paul ; Smith, David B.
    In: Review of Quantitative Finance and Accounting.
    RePEc:kap:rqfnac:v:57:y:2021:i:1:d:10.1007_s11156-020-00945-2.

    Full description at Econpapers || Download paper

  3. CEO and CFO equity compensation and dividend payout over the firm lifecycle. (2021). Chang, Millicent ; Ho, Choy Yeing ; Ding, Chao.
    In: Global Finance Journal.
    RePEc:eee:glofin:v:49:y:2021:i:c:s1044028320300594.

    Full description at Econpapers || Download paper

  4. The impact of R&D intensity, financial constraints, and dividend payout policy on firm value. (2021). Yang, Taeyong ; Koveos, Peter ; Kim, Jooman.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:40:y:2021:i:c:s1544612320316160.

    Full description at Econpapers || Download paper

  5. Effect of Default on Profitability in Kenyan Listed Companies. (2020). Ndegwa, James.
    In: International Journal of Finance & Banking Studies.
    RePEc:rbs:ijfbss:v:9:y:2020:i:4:p:01-10.

    Full description at Econpapers || Download paper

  6. Towards Extending Dividend Puzzle Debate: What Motivates Distribution of Corporate Earnings in Tanzania?. (2020). Lotto, Josephat.
    In: IJFS.
    RePEc:gam:jijfss:v:8:y:2020:i:1:p:18-:d:335760.

    Full description at Econpapers || Download paper

  7. Innovation or dividend payout: Evidence from China. (2020). Chou, Hsin-I ; Zhao, Jing ; Chou, Hsin-I., ; Yang, Bao.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:68:y:2020:i:c:p:180-203.

    Full description at Econpapers || Download paper

  8. To What Extent Do Regional Effects Influence Firms’ Capital Structure? The Case of Southern Italian SMEs’. (2019). Butzbach, Olivier ; Sarno, Domenico.
    In: IJFS.
    RePEc:gam:jijfss:v:7:y:2019:i:1:p:3-:d:194801.

    Full description at Econpapers || Download paper

  9. Do corporate directors €˜heap€™ dividends? Evidence on dividend rounding and information uncertainty in Australian firms. (2018). Jakob, Keith.
    In: Australian Journal of Management.
    RePEc:sae:ausman:v:43:y:2018:i:3:p:421-438.

    Full description at Econpapers || Download paper

  10. Dividend guidance to manage analyst dividend expectations. (2018). Bilinski, Pawel ; Lyssimachou, Danielle.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:60:y:2018:i:c:p:53-68.

    Full description at Econpapers || Download paper

  11. Firm, Industry and Country Level Determinants of Capital Structure: Evidence from Jordan. (2018). el Bahsh, Rana ; Yusuf, Aziz N ; Alattar, Ali.
    In: International Journal of Economics and Financial Issues.
    RePEc:eco:journ1:2018-02-22.

    Full description at Econpapers || Download paper

  12. THE INFORMATION CONTENT OF DIVIDEND ANNOUNCEMENTS: EVIDENCE FROM FRONTIER MARKETS WITH VARYING TAX REGIMES IN JAMAICA AND TRINIDAD AND TOBAGO, 2001-2017. (2018). Bangwayo-Skeete, Prosper ; Robinson, Justin C.
    In: Applied Econometrics and International Development.
    RePEc:eaa:aeinde:v:18:y:2018:i:2_5.

    Full description at Econpapers || Download paper

  13. The financial structure of the Tunisian listed businesses: an application on panel data. (2017). sghaier, asma ; MIGHRI, Zouhayer ; Soufeljil, Mohamed ; Kheireddine, Hanene.
    In: Journal of Global Entrepreneurship Research.
    RePEc:spr:jglont:v:7:y:2017:i:1:d:10.1186_s40497-017-0081-3.

    Full description at Econpapers || Download paper

  14. Semi-strong Form Market Efficiency in Stock Markets with Low Levels of Trading Activity: Evidence from Stock Price Reaction to Major National and International Events. (2017). Bangwayo-Skeete, Prosper.
    In: Global Business Review.
    RePEc:sae:globus:v:18:y:2017:i:6:p:1447-1464.

    Full description at Econpapers || Download paper

  15. The Influence of Financial Performance, Capital Structure and Macroeconomic Factors on Firm¡¯s Value ¨C Evidence from Textile Companies at Indonesia Stock Exchange. (2016). Abdul Hadi, Abdul Razak ; Yulivan, Ivan.
    In: Applied Finance and Accounting.
    RePEc:rfa:afajnl:v:2:y:2016:i:2:p:18-29.

    Full description at Econpapers || Download paper

  16. External finance and dividend policy: a twist by financial constraints. (2016). He, Zhong ; Chen, Xiaoyan ; Huang, Wei ; Smith, Tom ; Pan, Rulu ; Shi, Jing.
    In: Accounting and Finance.
    RePEc:bla:acctfi:v:56:y:2016:i:4:p:935-959.

    Full description at Econpapers || Download paper

  17. Determinants of Target Dividend Payout Ratio: A Panel Autoregressive Distributed Lag Analysis. (2015). Demirgune, Kartal .
    In: International Journal of Economics and Financial Issues.
    RePEc:eco:journ1:2015-02-11.

    Full description at Econpapers || Download paper

  18. Assessing the Impact of Size on the Capital Structure Choice for Listed Nigeria Firms. (2014). Jones, P. L. ; Olakunle, A. O..
    In: International Journal of Academic Research in Business and Social Sciences.
    RePEc:hur:ijarbs:v:4:y:2014:i:7:p:184-202.

    Full description at Econpapers || Download paper

  19. A variable impact neural network analysis of dividend policies and share prices of transportation and related companies. (2012). El-Masry, Ahmed ; Lister, Roger J. ; Olugbode, Moji ; Pointon, John ; Abdou, Hussein A..
    In: Journal of International Financial Markets, Institutions and Money.
    RePEc:eee:intfin:v:22:y:2012:i:4:p:796-813.

    Full description at Econpapers || Download paper

  20. Stock market reaction to dividend announcements: Evidence from the Greek stock market. (2011). Leventis, Stergios ; Dasilas, Apostolos.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:20:y:2011:i:2:p:302-311.

    Full description at Econpapers || Download paper

  21. Dividend signaling under economic adversity: Evidence from the London Stock Exchange. (2011). Nikolopoulos, Konstantinos ; Bozos, Konstantinos ; Ramgandhi, Ghanamaruthy .
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:20:y:2011:i:5:p:364-374.

    Full description at Econpapers || Download paper

  22. Capital structure, dividend policy, and multinationality: Theory versus empirical evidence. (2010). Aggarwal, Raj ; Kyaw, NyoNyo Aung .
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:19:y:2010:i:2:p:140-150.

    Full description at Econpapers || Download paper

  23. Does pecking order theory explain leverage behaviour in Pakistan?. (2009). Qureshi, Muhammad Azeem.
    In: Applied Financial Economics.
    RePEc:taf:apfiec:v:19:y:2009:i:17:p:1365-1370.

    Full description at Econpapers || Download paper

  24. The Relationship Between Investment and Fund Raising: An Empirical study to Japanese Manufacturing Firms. (2009). Zhu, Hongfei.
    In: Economics Bulletin.
    RePEc:ebl:ecbull:eb-08c30091.

    Full description at Econpapers || Download paper

  25. Financing Technology-Based Small Firms in Europe: a review of the empirical evidence.. (2008). Sapio, Sandro ; Revest, Valerie.
    In: LEM Papers Series.
    RePEc:ssa:lemwps:2008/23.

    Full description at Econpapers || Download paper

  26. Corporate Financing Decisions: UK Survey Evidence. (2006). Beattie, Vivien ; Thomson, Sarah Jane ; Goodacre, Alan.
    In: Journal of Business Finance & Accounting.
    RePEc:bla:jbfnac:v:33:y:2006:i:9-10:p:1402-1434.

    Full description at Econpapers || Download paper

  27. Pecking order or trade-off hypothesis? Evidence on the capital structure of Chinese companies. (2005). Green, Christopher ; Tong, Guanqun.
    In: Applied Economics.
    RePEc:taf:applec:v:37:y:2005:i:19:p:2179-2189.

    Full description at Econpapers || Download paper

  28. Determinants of the Capital Structures of European SMEs. (2004). Hutchinson, Patrick J ; Michaelas, Nicos ; Hall, Graham C.
    In: Journal of Business Finance & Accounting.
    RePEc:bla:jbfnac:v:31:y:2004:i:5-6:p:711-728.

    Full description at Econpapers || Download paper

  29. Determinants of the Capital Structures of European SMEs. (2004). Hutchinson, Patrick J. ; Michaelas, Nicos ; Hall, Graham C..
    In: Journal of Business Finance & Accounting.
    RePEc:bla:jbfnac:v:31:y:2004-06:i:5-6:p:711-728.

    Full description at Econpapers || Download paper

  30. Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis. (2003). Farinha, Jorge.
    In: Journal of Business Finance & Accounting.
    RePEc:bla:jbfnac:v:30:y:2003:i:9-10:p:1173-1209.

    Full description at Econpapers || Download paper

  31. Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis. (2003). Farinha, Jorge.
    In: Journal of Business Finance & Accounting.
    RePEc:bla:jbfnac:v:30:y:2003-12:i:9-10:p:1173-1209.

    Full description at Econpapers || Download paper

  32. The Underinvestment and Overinvestment Hypotheses: an Analysis Using Panel Data. (2003). Pindado, Julio ; Morgado, Artur .
    In: European Financial Management.
    RePEc:bla:eufman:v:9:y:2003:i:2:p:163-177.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-07 19:19:04 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.