Dividend Policy and Behavior in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy and Behavior in Emerging Markets write by Jack D. Glen. This book was released on 1995. Dividend Policy and Behavior in Emerging Markets available in PDF, EPUB and Kindle.
Dividend policy and behavior in emerging markets : to pay or not to pay
Dividend policy and behavior in emerging markets : to pay or not to pay - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend policy and behavior in emerging markets : to pay or not to pay write by Jack Glen. This book was released on 1995. Dividend policy and behavior in emerging markets : to pay or not to pay available in PDF, EPUB and Kindle.
Dividend Policy and Behavior in an Emerging Market
Dividend Policy and Behavior in an Emerging Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy and Behavior in an Emerging Market write by Sabur Mollah. This book was released on 2010-01. Dividend Policy and Behavior in an Emerging Market available in PDF, EPUB and Kindle. 'The harder we look at the dividend picture, the more it seems like a puzzle, with pieces that just don't fit together' (Black 1976, p. 5). A number of researchers provide insights, theoretical as well as empirical, into the dividend policy puzzle. The issue as to why firms pay dividends is as yet unresolved. There is no unanimity among researchers but everyone agrees that the issue is important, as dividend payment is one of the most commonly observed phenomenon in corporations world-wide. The empirical results identify leverage, size, insider ownership, and collateralizable assets as the major determinants of dividend policy. The empirical results document that dividend decision is primarily governed by cash flow for measuring the capacity of the companies to pay dividends and dividends paid in the previous years. The empirical results also identify Brittain's (1966) partial adjusted model as the best-fit dividend behavioural model. As insiders trade in the market, information used to be adjusted with the share prices before announcement, therefore, dividend announcement does not convey any new information to the emerging market.
Do Firms in Emerging Markets Follow Different Dividend Policies From U.S. Firms?
Do Firms in Emerging Markets Follow Different Dividend Policies From U.S. Firms? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Do Firms in Emerging Markets Follow Different Dividend Policies From U.S. Firms? write by Varouj A. Aivazian. This book was released on 2003. Do Firms in Emerging Markets Follow Different Dividend Policies From U.S. Firms? available in PDF, EPUB and Kindle. We find that emerging market firms exhibit similar dividend behavior to U.S. firms in the sense that dividends are explained by profitability, debt, and the market to book ratio. However, empirical dividend policy equations are structurally different, indicating different sensitivities to these variables.Additionally, emerging market firms seem to be more affected by asset mix, which seems to be due to their greater reliance on bank debt. Overall, country factors are as important in dividend policies as previous studies have found them to be in capital structure decisions.
Instability in the Dividend Policy of the Istanbul Stock Exchange (Ise) Corporations
Instability in the Dividend Policy of the Istanbul Stock Exchange (Ise) Corporations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Instability in the Dividend Policy of the Istanbul Stock Exchange (Ise) Corporations write by Cahit Adaoglu. This book was released on 2000. Instability in the Dividend Policy of the Istanbul Stock Exchange (Ise) Corporations available in PDF, EPUB and Kindle. Dividend policy behaviour of corporations operating in emerging markets is significantly different from the widely accepted dividend policy behaviour of corporations operating in developed markets. This study provides evidence from the Istanbul Stock Exchange (ISE), an emerging European stock market, and analyses empirically whether the ISE corporations follow stable cash dividend policies in a regulatory environment that imposed mandatory dividend policies. Unlike the empirical results supporting the stable dividend policy behaviour of corporations operating in developed markets, the empirical results show that the ISE corporations follow unstable cash dividend policies and the main factor that determines the amount of cash dividends is the earnings of the corporation in that year.
