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The Dynamics of Investment, Payout and Debt

Lambrecht, Bart M. - 2017

rents and payout. They do not exploit interest tax shields fully. The interactions of investment, debt and payout decisions … can change drastically depending on managers' preferences. Managers with power utility set investment, debt and payout …, investment decisions are separated from decisions about debt and payout. More profitable firms become cash cows and less …

Persistent link: https://www.econbiz.de/10012972612

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

The commitment role of equity financing

Fahn, Matthias; Merlo, Valeria; Wamser, Georg - 2014

theory are in line with a number of empirical results, which seem to stay in contrast to existing theories on capital …

Persistent link: https://www.econbiz.de/10010366170

The commitment role of equity financing

Fahn, Matthias; Merlo, Valeria; Wamser, Georg - 2017

analysis provides an explanation for why some firms only use little debt financing. Predictions made by our theory are in line …

Persistent link: https://www.econbiz.de/10011714630

The commitment role of equity financing

Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017

analysis provides an explanation for why some firms only use little debt financing. Predictions made by our theory are in line …

Persistent link: https://www.econbiz.de/10011705222

Zero Leverage and Dividend Policy

Li, Michelle; Roberts, Helen - 2023

This study investigates zero leverage firms and their choice to pay dividends among New Zealand (NZ) listed firms for the period 2007 – 2021. Overall our findings indicate that after allowing for financial constraints limiting firm debt capacity and firm preference for financial flexibility,...

Persistent link: https://www.econbiz.de/10014353525

R&D Investments and Dividend Policies : Reputation or Flexibility?

Nagasawa, Kenichi - 2016

We examine whether the reputation effect hypothesis is empirically valid for the dividend behavior of firms in an economy with moderate corporate governance pressures. We take the Japanese economy during the 2000s and early 2010s as a sort of case study. We obtain the following two empirical...

Persistent link: https://www.econbiz.de/10012979254

Bank leverage, welfare, and regulation

Admati, Anat R.; Hellwig, Martin - 2018

to commit effectively to their overall funding mix and investment strategy ex ante. The resulting market outcomes under …

Persistent link: https://www.econbiz.de/10011925841