Financial constraints and dividend policy

Financial constraints and dividend policy

© The Author(s) 2015. Using a sample of US listed firms over the 1989–2012 period, we find that financially constrained dividend-increasing firms experience superior short-run abnormal stock returns, but suffer worse operating performance compared to similar unconstrained firms. More specifically, c...

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Bibliographic Details
Main Authors: Pathan, Md Shams Tabrize, Faff, R., Méndez, C.F., Masters, N.
Format: Journal Article
Language:English
Published: SAGE PUBLICATIONS LTD 2016
Subjects:
Social Sciences
Business
Management
Business & Economics
Dividends
financial constraints
seasoned equity issues
EARNINGS MANAGEMENT
SHARE REPURCHASES
MARKET-EFFICIENCY
CORPORATE-FINANCE
CASH HOLDINGS
RETURNS
PERFORMANCE
INFORMATION
INVESTMENT
ANNOUNCEMENTS
Online Access:http://hdl.handle.net/20.500.11937/76641

Internet

http://hdl.handle.net/20.500.11937/76641

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