The present study analyzes dividends paid in unlisted family and non-family businesses, exploring factors that lead to higher or lower dividend payments. Data from 612 Spanish companies during 12 consecutive years was analyzed. This indicates as a result of the greater proximity business, pay dividends. However, we found evidence pyramid structures, susceptible agency costs, both businesses. In...

This paper aims to examine the impact of five commonly used dividend determinants as; net profit, cash flow, size, market book value, and slack on payout ratio 19 Nepalese commercial banks. study uses secondary data collected from annual financial statements banks listed Nepal Stock Exchange. A total 95 observations variables fiscal years are considered. The method casual comparative research d...

Our paper suggests a simple, recursive residuals (out-of-sample) graphical approach to evaluating the predictive power of popular equity premium and stock market timeseries forecasting regressions. When applied, we find that dividend ratios should have been known to have no predictive ability even prior to the 1990s, and that any seeming ability even then was driven by only two years, 1973 and ...

Yes. We find that dividend changes predict future unexpected earnings changes in each of the next four quarters. These earnings impacts are persistent, leading to higher than expected earnings levels for at least three years after the dividend change. These results are robust to various measures of expected earnings, including analyst forecasts and a flexible function of past earnings and retur...

this paper aims to determine the impact of dividend policy on stock price volatility by taking firms listed on tehran stock exchange.  a sample of 68 listed companies from tehran stock exchange is examined for a period from 2001 to 2012.  the estimation is based on cross-sectional ordinary least square regression analysis to find the relationship between share price volatility and dividend poli...

Recent empirical studies of dividend taxation have found that: (1) dividend tax cuts cause large, immediate increases in dividend payouts, and (2) the increases are driven by firms with high levels of shareownership among top executives or the board of directors. These findings are inconsistent with existing "old view" and "new view" theories of dividend taxation. We propose a simple alternativ...

BACKGROUND In order to improve the health of the most vulnerable groups in society, the WHO Commission on Social Determinants of Health (CSDH) called for multi-sectoral action, which requires research and policy on the multiple and inter-linking factors shaping health outcomes. Most conceptual tools available to researchers tend to focus on singular and specific social determinants of health (S...