This study aims to determine whether the net income and operating cash flow effect on cash dividends, both simultaneously and partially on manufacturing companies listed in Indonesia Stock Exchange. Independent variables used in this study are net income and operating cash flow as well as the...

This study aims to determine whether the net income and operating cash flow effect on cash dividends, both simultaneously and partially on manufacturing companies listed in Indonesia Stock Exchange. Independent variables used in this study are net income and operating cash flow as well as the...

This paper tests the Residual Income model empirically using data from both USA and UK. The results show that the Residual Income model can, to a significant degree, capture cross-sectional variation in stock market price of the sample over a significant period of time. However, the model is...

This paper re-examines the impact of the EU Market Abuse Directive (MAD) on the market reaction around share repurchase announcements. We use a unique hand-collected dataset of firms listed on the Athens Stock Exchange, and we find evidence that contrasts with previous conclusions for large...

In an interesting recent paper, DeAngelo and DeAngelo (2006) highlight that Miller and Modigliani's (1961) proof of dividend irrelevance is based on the assumption that the amount of dividends distributed to shareholders is equal or greater than the free cash flow generated by the fixed...

With the dividend-paying culture increasingly taking hold in corporate Taiwan, this paper investigates the effects of industry peers on the corporate dividend policies in the country. By employing the instrument variable technique, we find strong evidence that the payout policies of Taiwanese...

In this article attempt has been made to analyze the Benazir Income Support Program (BISP) announced by the present regime and donors’ funds disbursement. The main objective of the article is to suggest the best possible transparent way of disbursing funds allocated by the Government as well...

This paper presents "Dividend Announcements and Stock Market Reaction in Kuala Lumpur Stock Exchange." Using an event study approach, the evidence shows that dividend increase announcements are greeted positively by investors, while there are some evidences suggesting investors react negatively...

In this article attempt has been made to analyze the Benazir Income Support Program (BISP) announced by the present regime and donors’ funds disbursement. The main objective of the article is to suggest the best possible transparent way of disbursing funds allocated by the Government as well...

Dividend signaling models suggest that dividends are used to convey information about future earnings to investors. However, in a world where unions also receive these signals, managers are less inclined to send the signal in order to avoid the union capturing these future earnings through...