Tong, Shenghui; Murtagh, James; Proctor, Richard - In: International Journal of Financial Studies : open … 10 (2022) 1, pp. 1-10
This paper examines and compares the dividend policies of American depository receipt (ADR) firms and U.S. firms and … identifies the factors that determine these policies for both types of companies. We find that ADR firms have higher dividend … yields than U.S. firms, while U.S. firms have higher stock repurchase ratios than ADR firms. Results from univariate …