Financial constraints and dividend policy

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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

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