Ishikawa, Hiroyuki - In: The Japanese Accounting Review 1 (2011) December, pp. 39-60
findings are not consistent with the prediction by the dividend life-cycle theory, but can be interpreted using the concept of …This paper aims to clarify a characteristic of the dividend policies of Japanese firms by verifying the dividend life-cycle … theory. The analysis revealed that in Japan, growing firms choose further dividend increases compared to mature firms, and …
