In a “perfect” market, Miller and Modigliani's celebrated dividend irrelevance argument
holds, whereby a dividend payment or omission is identical in impact to changes in a firm's …

This study examines the effect of product market competition on managerial disclosure of
earnings forecasts using large reductions in US import tariff rates to identify an exogenous …

In non‐financial firms, higher risk taking results in lower dividend payout ratios. In banking,
public guarantees may result in a positive relationship between dividend payout ratios and …

We examine the role of institutional investors' investment horizon on the information content
associated with dividend announcement surprises in the “dividend-reappearance era”. We …

We argue that industry competition and industry innovation intensity exert an influence on
the relation between a firm's internationalization and performance. Using a large panel …

This article examines the association between the market for corporate control and firm
dividend policies. Specifically, we examine changes in firms' dividend payouts following a …

Using a comprehensive data sample covering the period 2000–2017, from the agency
problem perspective, this paper reveals a significantly negative relationship between board …

While prior studies investigate the consequences of globalization, there remains a notable
gap in understanding the market efficiency implications associated with globalization …

Purpose–The purpose of this paper is to investigate how and why a firm's product market
power affects its dividend policy. Design/methodology/approach–This paper uses three …

We address the mixed empirical findings on how corporate governance affects dividend
payout policy by analyzing a large sample of firms from 30 countries. Our results indicate …