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information asymmetry and weaker governance. We also provide evidence of a substitution effect between dividend increases and …
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Over 40% of firms that make payouts also raise capital during the same year, resulting in 31% of aggregate share repurchases and dividends being externally financed, primarily with debt. Most externally financed payouts are the result of firms persistently setting payouts above free cash flow....
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This paper provides insight in dividend policy of publicly listed companies in Bosnia and Herzegovina and investigates … appearance of dividend smoothing behavior. The results show increase in portion of dividend paying companies over time while … dividend smoothing phenomenon is virtually non-existent. On the other hand, when companies decide to pay dividends they, on …
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