Dividend Payout Ratio, Free Cash Flow, and Share Repurchases in Indonesian Listed Companies

Earnings Management and Dividend Policy An Empirical comparison between Pakistani Listed Companies and Chinese listed Companies

The study is an effort to fiind out the impact of earnings management on dividend payout policy for two coutries that is Pakistan and China. A set of listed Companies in both of the countries have been investigated to analyze the relationship for the year 2003 to 2007 in Pakistan and 2001 to 2007 in China. Dividend policy has been measured by dividend payout. Whereas earnings management has bee...

Dividend Policy and Cash Flow Uncertainty

Dividend Policy Determinants of Australian Mcs and Dcs

This paper investigates the determinants of dividend policy for Australian DCs and MCs. In considering dividend payout ratios we adopt two definitions – cash dividends and total dividends. The cash dividend payout ratios consists of cash dividends to net earnings while total dividend payout ratios consists of both cash dividends and share repurchases to net earnings. The determinants of foreign...

Share reform and the performance of China’s listed companies

The latest round of share reform in China, which began in 2005, sets two related processes in motion: it increases the tradable share proportion and signals the start of a decline in the government-owned share proportion. This paper considers the effect these processes might have on firm performance in the future by analysing the impact the above share proportions had on firm performance immedi...

Firms’ Characteristics and Adjustment Speed of Dividend Payout Ratio: System-GMM and Differenced-GMM Approaches

Since paying over or not paying dividends can cause the firms to face financial crises, firms are always looking for discovery and using a target (optimal) dividend payout ratio. It should be noted that a dividend ratio is a dynamic number and a variety of factors affect it over time. The movement speed of the dividend payout ratio towards the target depends on several factors. This paper inves...