This chapter reviews the empirical literature on corporate dividend policy. Miller and
Modigliani (MM; 1961) famously demonstrated that in perfect capital markets, and fixed …

We provide new evidence of sign asymmetry in dividend payout policy in the postwar period
in the US Using a nonlinear autoregressive distributed lag model, we show that managers:(i) …

We evaluate the impact of ownership concentration on dividend smoothing for six Latin
American economies characterized by both a low level of investor protection and high …

This study investigates the relationship between organization capital, dividends, and firm
value across 61 countries. We find that firms with higher organization capital distribute more …

Using the regulatory policy on cash dividends implemented in 2013 as the research context,
this study develops a difference-in-difference (DID) model using the data of Chinese A-share …

This study investigates the impact of dividend smoothing on bond spreads, using data on
Japanese bond-issuing firms. The regression results show that, although dividend …

This study investigates the relationship between organization capital, dividends, and firm
value across 61 countries. We find that firms with higher organization capital distribute more …

The main purpose of this study is to use generalized dividend behavior model proposed by
Fama and Babiak and Lee et al. to re-examine previous dividend smoothing researches …

Accounting, 37 (5–6), 648–667. https://doi. org/10.1111/j. 1468-5957.2010. 02192. x
Aggarwal, R., & Goodell, JW (2014). Cross-national differences in access to finance …

The study explores the effect of financial transparency on dividend smoothing behavior. We
analytically show that dividend smoothing should increase when shareholders cannot …