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How do dynamic financing decisions explain the behavior of dividend payout policies? : an empirical study of listed Pakistani manufacturing firms

Bashir, Zahid; Rafique, Zulqurnain Zeeshan; Toor, … - In: Financial internet quarterly 18 (2022) 1, pp. 1-15

The study investigates the factors that influence dividend payout policy in public Pakistani manu- facturing companies throughout the timeframe 2010-20. Pooled OLS technique was used for regression purposes, as the majority of companies do not pay a dividend at all or do not do so regularly so...

Persistent link: https://www.econbiz.de/10013252615

The application of financing and dividend decision techniques in practice among Ghanaian chief financial officers (CFOs)

Owusu-Ansah, Anthony; Addico, Nene Lartey; Amewu, Godfred - In: Cogent business & management 10 (2023) 1, pp. 1-31

We use a survey approach to investigate how managers in a frontier market apply financing and dividend decision techniques in practice. 15 firm characteristics were grouped into paired subgroups for a two-sample t-test analysis that generated statistical differences, economic significance levels...

Persistent link: https://www.econbiz.de/10014469158

Debt capital and dividend policy as complementary indicators of firm valuation

Njoku, Okechukwu Enyeribe; Lee, Young Hwan - 2025

This study investigates the interdependencies between debt capital and dividend policy as complementary factors influencing firm value among corporations listed on the Korea Composite Stock Price Index (KOSPI). Using Tobin's Q as a firm value metric and employing robust econometric techniques...

Persistent link: https://www.econbiz.de/10015338351

Bond issuance as reputational signal : debunking the negative perception of additional liability

Sheng, Dachen; Montgomery, Heather A. - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-19

This paper examines the determinants of bond issuance in the Chinese market and the influence of capital structure-in particular direct debt finance-on firm performance and the cost of debt. The results reveal that institutional factors in the Chinese market, in particular the involvement of the...

Persistent link: https://www.econbiz.de/10014484204

Does promoter holding affect financed payout of dividends?

Jawade, Avinash A. - In: Borsa Istanbul Review 21 (2021) 4, pp. 332-339

proportion of promoter holding has a constraining effect on such payouts, supporting the agency cost theory. The size of the firm …

Persistent link: https://www.econbiz.de/10012816936

The relationship between changes in corporate payout policy and capital structure

Kim, Songhee; Khil, Jaeuk; Lee, Yu Kyung - In: Journal of derivatives and quantitative studies : … 32 (2024) 2, pp. 116-144

This paper aims to investigate the impact of corporate dividend policy on the capital structure in the Korean stock market. To distinctly discern the voluntariness of changes in corporate dividend policy, we analyze companies that, following a substantial increase, do not reduce dividends for...

Persistent link: https://www.econbiz.de/10015054088

The moderating role of corporate governance in the relationship between leverage and firm value : evidence from the Korean market

Tulcanaza Prieto, Ana Belén; Lee, Young Hwan; … - In: Risks : open access journal 12 (2024) 1, pp. 1-19

This study examines the moderating function of corporate governance (CG) to the relationship between leverage and firm value (FV) using Korean market data. The study employs ordinary least-squares panel data regressions and two methods to manage endogeneity problems. The findings show a...

Persistent link: https://www.econbiz.de/10014480953

Corporate governance and dividend policy in the presence of controlling shareholders

Rodrigues, Ricardo; Felício, J. Augusto; Matos, Pedro Verga - In: Journal of risk and financial management : JRFM 13 (2020) 8/162, pp. 1-15

Based on agency theory, we focused on the influence of corporate governance in the dividend policy of large listed …

Persistent link: https://www.econbiz.de/10012322365

Debt choice, growth opportunities and corporate investment : evidence from China

Ding, Ning; Bhat, Kalimullah; Jebran, Khalil - In: Financial innovation : FIN 6 (2020) 31, pp. 1-22

The study aims to investigate how relying on short-term debt may help Chinese listed firms to make efficient investment … between growth and investment; this association is enhanced by leverage, especially for high-growth firms. This supports the … view that short-term debt helps Chinese firms to make optimal use of leverage and therefore make better investment …

Persistent link: https://www.econbiz.de/10012295993

Corporate debt overhang and investment : firm-level evidence

Borensztein, Eduardo; Ye, Lei - 2018

This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm … investment may be discouraged by high levels of debt that put at risk future profits, as well as firm dimensions that may sharpen … the debt-investment link. Using balance sheet data from a broad set of emerging market and developing economy firms, the …

Persistent link: https://www.econbiz.de/10011903156