Does reputation matter in the dividend smoothing policy of emerging market firms? Empirical evidence from India
نویسندگان
چکیده
منابع مشابه
The Influence of Agency Costs on Dividend Policy in an Emerging Market: Evidence from the Tehran Stock Exchange
Dividend policy has long been an issue of interest in the financial literature. To date, a number of studies published on agency costs and dividend policy but most of them are on developed markets, It is well known that the emerging markets are quite different from developed markets in all respects. So, the existing published evidence is of limited relevance in identifying the influence of agen...
متن کاملDoes CEO pay dispersion matter in an emerging market? Evidence from China's listed firms
This paper examines how the institutional features of emerging economies (i.e., government ownership, political connections, and market reform) influence CEO pay-dispersion incentives. Consistent with our expectation, we find that CEO pay dispersion generally provides a tournament incentive in China's emerging market, as it is positively associated with firm performance. In addition, tournament...
متن کاملCan Firms Build Capital-Market Reputation to Compensate for Poor Investor Protection? Evidence from Dividend Policies
The existing literature on law and finance generally assumes that firms are passive recipients of the influence of investor protections on their ability to raise external financing. In this paper, we empirically identify a commitment mechanism, i.e., dividend payouts, which firms use to establish a reputation for better treatment of outside shareholders in order to compensate for country-level ...
متن کاملthe influence of agency costs on dividend policy in an emerging market: evidence from the tehran stock exchange
dividend policy has long been an issue of interest in the financial literature. to date, a number of studies published on agency costs and dividend policy but most of them are on developed markets, it is well known that the emerging markets are quite different from developed markets in all respects. so, the existing published evidence is of limited relevance in identifying the influence of agen...
متن کاملImpact of Dividend Policy on Performance of Firms Having Stocks Listed in an Emerging Stock Market
In this research paper we have discussed various theories regarding the impact of dividend policy on the performance of the firms. We have also analyzed these theories in the light of the companies that are practically undergoing through the debate of determining the key factors, which play a crucial role in measuring the performance of the companies. There can not only be a single determinant ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Borsa Istanbul Review
سال: 2018
ISSN: 2214-8450
DOI: 10.1016/j.bir.2017.12.001