We use data from options and futures markets to recover the prices of dividend strips on the aggregate stock market. The price of a k-year dividend strip is the present value of the dividend paid in k years. The value of the stock market is the sum of all dividend strip prices across maturities. We study the asset pricing properties of strips and find that expected returns, Sharpe ratios, and v...

The effect of dividend taxes on dividend payments is a topic of considerable debate with repercussions for the cost of capital and investment. The traditional view of dividends suggests that dividend taxes lead to lower dividends, a higher cost of capital and so lower investment. In contrast, according to the new, or trapped equity, view, dividend taxes are neutral to dividend payout, the cost ...

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explaining dividend policy has been one of the most difficult challenges facing financial economists. despite decades of study, we have yet to completely understand the factors that influence dividend policy and the manner in which these factors interact.the aim of this paper is to examine the relation between dividend policy and share price volatility in tehran stock exchange (tse). the analys...

Dividend policy is a decision in using profits, whether the profits earned by company will be distributed to shareholders as dividends or retained form of earning finance investments future. The pharmaceutical sub-sector has high investment realization value and relation dividends, investors definitely want return, one which through dividends. This study takes 4 variabel factors that influence ...

This study aims to examine whether or not family control benefiting the internal and external governance mechanism mitigate agency problems affecting dividends in a capital market environment improve investor protection such as Indonesia. The quantitative analysis model was used test hypotheses based on panel data of 58 firms listed from 2012 2019, random effect technique (pooled EGLS). finding...