Publication: Yes, dividends are disappearing: worldwide evidence
| dc.contributor.coauthor | Fatemi, Ali | |
| dc.contributor.department | Graduate School of Business | |
| dc.contributor.kuauthor | Bildik, Recep | |
| dc.contributor.schoolcollegeinstitute | GRADUATE SCHOOL OF BUSINESS | |
| 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.sponsoredbyTubitakEu | N/A | |
| 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 | https://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.iso | eng | |
| dc.relation.ispartof | 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.kuauthor | Bildik, Recep | |
| local.publication.orgunit1 | GRADUATE SCHOOL OF BUSINESS | |
| local.publication.orgunit2 | Graduate School of Business | |
| relation.isOrgUnitOfPublication | 66c315a1-2b3d-40d3-89e4-aab9ae3b313b | |
| relation.isOrgUnitOfPublication.latestForDiscovery | 66c315a1-2b3d-40d3-89e4-aab9ae3b313b | |
| relation.isParentOrgUnitOfPublication | eae8aa5b-4ed7-47c1-a210-5860cba53ef4 | |
| relation.isParentOrgUnitOfPublication.latestForDiscovery | eae8aa5b-4ed7-47c1-a210-5860cba53ef4 |