Abstract We study the effect of dividend taxes on payout and investment policies publicly listed firms. exploit a unique setting in Switzerland where, following corporate tax reform 2011, some but not all firms were suddenly able to pay tax-exempt dividends. show that treated increase their by around 30$\%$ after cut. The is less pronounced for prone agency conflicts. find significant positive ...

Pupose: The existence of market uncertainty can increase agency problems that raise doubts about future cash flows, such as dividend payments. This study aims to analyze the effect corporate governance proportion female commissioners, independent board size, independence, meeting, and audit committee size towards a payout ratio.
 Method:The sample this research is manufacturing sector comp...

Research ...nds that ...rms’ investment and dividend policies are distorted by irreversibility and ...nance constraints. Whereas the existing literature examines these features separately, this paper considers their interaction. The main theoretical result concerns the separation of the investment and payout thresholds. The ordering of investment and distribution activities is endogenously dete...

This study employs a real option pricing approach to conduct an evaluation of the optimal investment strategy for a firm confronted with sequential technology innovations. Stochastic assumptions of innovations in their arrival times and their profitability are added to the model, so as to conform to the most important characteristics of real-world technology markets. Furthermore, this study inc...

This study aims to examine the effect of profitability and liquidity on dividend policy in food beverage sub-sector manufacturing companies listed Indonesia Stock Exchange for 2019-2021 period. Profitability is proxied by using Return On Assets (ROA), Current Ratio (CR), measured Dividend Payout Ratio. Sampling purposive sampling method, obtained a sample 90 observations. Data analysis this use...

This study examines how the dividend payout of Chilean firms is associated with economic policy uncertainty (EPU), while controlling for ownership concentration and free cash flow, to consider agency problems. Its contribution twofold. First, it detects a non-linear, U-shaped relation between EPU payout, which novel finding. Second, this result holds only in cases high EPU. No significant relat...

The study is about investigation of determinants dividend payout ratio commercial banks in Ethiopia over the period 2010-2018. Nine years Panel data was obtained from audited financial statements 8 selected Ethiopia. used six independent variables such as leverage, profitability, age firm, corporate tax rate, operating cash and extent shares distributed one dependent variable which ratio. Both ...