Flint, Anthony; Tan, Andrew; Tian, Gary - In: The International Journal of Business and Finance Research 4 (2010) 2, pp. 43-58
This paper examines the use of the payout ratio as a predictor of a firm’s future earnings growth. Recent evidence rejects the hypothesis that firm which retain a large portion of their earnings have strong future earnings growth. Higher dividend payout ratios instead correspond to higher...
