Al-Najjar, Basil; Kilincarslan, Erhan - In: International Journal of Managerial Finance 15 (2019) 2, pp. 205-235
Purpose: The purpose of this paper is to shed light on the ongoing debate of dividend policy, which is considered one of the most controversial topics in corporate finance literature. Design/methodology/approach: The paper provides a survey of literature; it, first, outlines the main theoretical...