We argue that dividend stickiness, the tendency of managers to keep dividends unchanged,
implies that managers use a partially pooling dividend policy. We offer a model that …

The pecking order theory of corporate capital structure states that firms finance deficits with
internal resources when possible. If internal funds are inadequate, firms obtain external …

The global Islamic finance industry is estimated to be worth approximately US $1.4 trillion,
and has grown much faster than conventional finance over the past four decades. Although …

Giving shareholders more managerial power over corporate affairs-the goal of many recent
corporate reform proposals-comes with costs that commentators have failed to recognize. In …

Dividend smoothing remains a puzzle for financial economists. We present a model in which
smoothing of dividends arises as an equilibrium outcome. A manager who cares about the …

This thesis investigates the relationship between cross-country mandatory environmental,
social and governance (ESG) regulations and firm-level outcomes, such as ESG …

Dividend smoothing is when you keep your dividends relative to your Earnings per share.
Not too high dividends and not too low. It may also imply setting a dividend price that does …

Dividend smoothing is when you keep your dividends relative to your Earnings per share.
Not too high dividends and not too low. It may also imply setting a dividend price that does …