minority shareholders extract dividend from the firms as an outcome of legal protection in a manner that mitigates problem of … expropriation by corporate insiders . Consequentially the firms follow a stable dividend policy catering to the needs of the … investors with a favourable valuation implication. Overall our study highlights that the dividend policy of Singapore firms …

This study investigates the interdependencies between debt capital and dividend policy as complementary factors … metric and employing robust econometric techniques (OLS, 2-SLS, and GMM), the analysis reveals that while debt and dividend … cash flow has a significant positive effect. By disentangling the complex dynamics of capital structure, dividend …