This paper examines the effect of governance and managerial alignment on dynamic dividend behavior of managers. I use a novel empirical approach to provide evidence on the role of governance and managerial alignment in explaining variation in dividend smoothing, incremental dividend decisions, and dynamic dividend behavior. Managers subject to weak monitoring and misaligned incentives are under...

Using a new variable based on a model of dividend smoothing, we find dividend growth is highly predictable and cash flow news contributes importantly to return variability. Cash flow betas derived from this predictability are central to explaining the size effect in the cross section of returns. However, they do not explain the value effect; this is explained by noise betas. We also find that t...

effects of dividend policy on corporate financial growth, is a major concern of most entities. whether dividends have an influence on the value of the firm, is an important question in dividend policy. this study aimed at investigating the effects of dividend policy on financial growth of media firms. the study was conducted in nairobi at the nation media group headquarters. respondents were se...

Companies operate with the aim of making a profit, by selling products (goods or services) to their customers. In addition, company also has specific goal, namely maximize welfare shareholders and profits. line financial theory. The purpose this study is discuss analyze effect debt equity ratio, dividend, payout profitability, firm size on income smoothing. research method used in associative m...

The practice of income smoothing is a common phenomenon that occurs as management effort to reduce reported profit fluctuations. This study aims determine the effect managerial ownership, institutional Net Profit Margin, Cash Holding, Bonus Plan, and dividend payout ratio on practices. sample this research non-financial companies are listed Indonesia Stock Exchange in 2018-2020. Data obtained f...