This paper examines dividend payout policies for firms in six Latin American countries from 1995 to 2013. As predicted by the pecking order and trade-off models, the dividend payout is positively linked to profitability and negatively related to past indebtedness and investment opportunities. We also find that the target dividend payout ratio is positively related to governance indicators at the country level. In addition, the speed to which firms adjust their dividends to changes in earnings is lower in high governance countries in the region. Thus, firms smooth dividends more in countries with higher governance scores. We do not find evidence supporting the lifecycle theory nor illiquidity effects on dividends levels
Dividend pay-out policy has been a subject for an ongoing debate for the last few decades. Lots of r...
Research background: We examine the dividend payout policies across companies listed on the main sto...
Dividend policy is still a largely discussed issue in corporate finance literature. One of the main ...
This paper examines dividend payout policies for firms in six Latin American countries from 1995 to ...
We show, for a sample of up to 757 industrial firms, in seven Latin American countries from 1994-201...
We test different predictions of the pecking order and trade-of theories for the dividends of a samp...
En este artículo se estudian los determinantes de la política de dividendos del mercado latinoameric...
The main objective of this paper is to study dividend payout practices and identify determinants of ...
This study examines the patterns in payout policies worldwide. Utilizing data from a sample of more ...
In this paper I examine the relationship between individual corporate governance provisions and corp...
This study examines the patterns of payout policies worldwide. Utilizing data from a sample of more ...
Dividend policy is central to the performance and valuation of listed companies, but the issue still...
The dividend payout ratio and its volatility in firms listed on the Mexican Stock Exchange from the ...
Dividend policy is central to the performance and valuation of listed companies, but the issue still...
The determinants of dividend payout are consistent in Japan, Indonesia, Hong Kong, Korea, Singapore,...
Dividend pay-out policy has been a subject for an ongoing debate for the last few decades. Lots of r...
Research background: We examine the dividend payout policies across companies listed on the main sto...
Dividend policy is still a largely discussed issue in corporate finance literature. One of the main ...
This paper examines dividend payout policies for firms in six Latin American countries from 1995 to ...
We show, for a sample of up to 757 industrial firms, in seven Latin American countries from 1994-201...
We test different predictions of the pecking order and trade-of theories for the dividends of a samp...
En este artículo se estudian los determinantes de la política de dividendos del mercado latinoameric...
The main objective of this paper is to study dividend payout practices and identify determinants of ...
This study examines the patterns in payout policies worldwide. Utilizing data from a sample of more ...
In this paper I examine the relationship between individual corporate governance provisions and corp...
This study examines the patterns of payout policies worldwide. Utilizing data from a sample of more ...
Dividend policy is central to the performance and valuation of listed companies, but the issue still...
The dividend payout ratio and its volatility in firms listed on the Mexican Stock Exchange from the ...
Dividend policy is central to the performance and valuation of listed companies, but the issue still...
The determinants of dividend payout are consistent in Japan, Indonesia, Hong Kong, Korea, Singapore,...
Dividend pay-out policy has been a subject for an ongoing debate for the last few decades. Lots of r...
Research background: We examine the dividend payout policies across companies listed on the main sto...
Dividend policy is still a largely discussed issue in corporate finance literature. One of the main ...