We analyse the relationship between corporate dividend policy and firm lifecycle in a low-disclosure regime, where domestic firms have an incentive to use dividends to build capital market reputation among external investors. We use a range of lifecycle indicators from the extant literature and...

Purpose – We explore the relationship between corporate governance and firm value at different stages of the corporate life-cycle. Design/methodology/approach – We use two measures, commonly employed in the literature, to differentiate between “immature” and “mature” firms, and...