Publication: Yes, dividends are disappearing: worldwide evidence
| dc.contributor.coauthor | Fatemi, Ali | |
| dc.contributor.department | N/A | |
| dc.contributor.kuauthor | Bildik, Recep | |
| dc.contributor.kuprofile | Teaching Faculty | |
| dc.contributor.schoolcollegeinstitute | Graduate School of Business | |
| dc.contributor.yokid | 185382 | |
| dc.date.accessioned | 2024-11-09T22:49:07Z | |
| dc.date.issued | 2012 | |
| dc.description.abstract | Thisstudyexaminesthepatternsinpayoutpoliciesworldwide.Utilizingdatafromasampleofmorethan 17,000companiesfrom33differentcountries,wefindevidenceinsupportofasignificantworldwide declineinthepropensitytopaydividends.Mostofthedeclineisduetothepayoutpoliciesofsmaller andlessprofitablefirmswithcomparativelymoreinvestmentopportunities.Wefindthat largerfirms, thosewithhigherprofitability, andfirmswithlowgrowthopportunitieshaveagreaterpropensityto paydividends.Theproportionofdividendpayersvariessubstantiallyacrossindustriesaswell.However, theproportionoffirmspayingdividendshasdeclinedovertime,evenafterfirms’ characteristicshave beencontrolledfor.Moreover, aggregatedividendsarehighlyconcentratedinthat theyarepaidonly byasmallgroupoffirms.Ourfindingsindicatethattherehasbeenasignificantdeclineintheaverage dividendpayoutratiosovertheyears.Thedeclineinthemeandividendpayoutratiosaswellastheproportionofpayersismuchmorepronouncedincivil lawcountries. | |
| dc.description.indexedby | WoS | |
| dc.description.indexedby | Scopus | |
| dc.description.issue | 3 | |
| dc.description.openaccess | NO | |
| dc.description.publisherscope | International | |
| dc.description.volume | 36 | |
| dc.identifier.doi | 10.1016/j.jbankfin.2011.10.008 | |
| dc.identifier.eissn | 1872-6372 | |
| dc.identifier.issn | 0378-4266 | |
| dc.identifier.quartile | Q2 | |
| dc.identifier.scopus | 2-s2.0-84856277891 | |
| dc.identifier.uri | http://dx.doi.org/10.1016/j.jbankfin.2011.10.008 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14288/6449 | |
| dc.identifier.wos | 301829600005 | |
| dc.language | English | |
| dc.source | Journal of Banking & Finance | |
| dc.subject | Business | |
| dc.subject | Finance | |
| dc.subject | Economics | |
| dc.title | Yes, dividends are disappearing: worldwide evidence | |
| dc.type | Journal Article | |
| dspace.entity.type | Publication | |
| local.contributor.authorid | 0000-0002-6590-3193 | |
| local.contributor.kuauthor | Bildik, Recep |