Dividend Policy: A Business Perspective
The research explores the critical role of the business environment in shaping corporate decisions, with a specific focus on dividend policy. Written with a finance and treasury readership in mind, this work will appeal to students, educators, researchers, managers, and policymakers alike
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Leeds
Emerald Publishing Limited
2024
|
| Edition: | 1st ed |
| Subjects: | |
| Online Access: | DE-2070s |
| Summary: | The research explores the critical role of the business environment in shaping corporate decisions, with a specific focus on dividend policy. Written with a finance and treasury readership in mind, this work will appeal to students, educators, researchers, managers, and policymakers alike |
| Item Description: | Description based on publisher supplied metadata and other sources |
| Physical Description: | 1 Online-Ressource (161 Seiten) |
| ISBN: | 9781837979899 |
Staff View
MARC
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| 245 | 1 | 0 | |a Dividend Policy |b A Business Perspective |
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| 264 | 4 | |c ©2024 | |
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| 505 | 8 | |a Cover -- Dividend Policy -- Dividend Policy: A Business Perspective -- Copyright Page -- Contents -- List of Figures and Tables -- About the Author -- Preface -- Acknowledgments -- 1. Introduction of Dividend Policy -- Abstract -- 1.1 What Is Dividend? -- 1.1.1 History -- 1.1.2 Definition -- 1.1.3 Types of Dividends -- 1.2 What Is Dividend Policy? -- 1.2.1 Definition -- 1.2.2 Important Dates -- 1.2.3 Measures of Dividend Payment -- 1.2.4 Patterns of Dividend Policy -- 1.3 Why Do Firms Hold Cash? -- 1.4 What Drives Dividend Policy? -- 1.4.1 From a Theoretical Perspective -- 1.4.2 From a Business Perspective -- 2. Dividend Policy Around the World -- Abstract -- 2.1 Countries of Mandatory Dividend Policy -- 2.2 Trends in Dividend Policy Over Time -- 2.3 Characteristics of Different Payer Groups -- 2.4 Dividend Policy Across Groups of Countries -- 2.5 Dividend Policy Across Industries -- 2.6 Dividend Policy Across Countries -- 2.7 Dividend Tax Across Countries -- 3. Dividend Policy Theories and Empirical Evidence -- Abstract -- 3.1 Dividend Irrelevance Theory -- 3.1.1 Main Arguments -- 3.1.2 Empirical Evidence -- 3.2 Signaling Theory -- 3.2.1 Main Arguments -- 3.2.2 Empirical Evidence -- 3.3 "Bird-in-hand" Theory -- 3.3.1 Main Arguments -- 3.3.2 Empirical Evidence -- 3.4 Agency Theory -- 3.4.1 Main Arguments -- 3.4.2 Empirical Evidence -- 3.5 Transaction Cost Theory and Pecking Order Theory -- 3.5.1 Main Arguments -- 3.5.2 Empirical Evidence -- 3.6 Life Cycle Theory -- 3.6.1 Main Arguments -- 3.6.2 Empirical Evidence -- 3.7 Catering Theory -- 3.7.1 Main Arguments -- 3.7.2 Empirical Evidence -- 3.8 Tax Clientele Theory -- 3.8.1 Main Arguments -- 3.8.2 Empirical Evidence -- 4. Internal Environment and Dividend Policy -- Abstract -- 4.1 Internal Management and Dividend Policy -- 4.1.1 Strategic Issues -- 4.1.2 Financial Issues | |
| 505 | 8 | |a 4.1.2.1 Performance-Related Issues -- 4.1.2.2 Leverage-Related Issues -- 4.1.2.3 Investment-Related Issues -- 4.2 Internal Stakeholders and Dividend Policy -- 4.2.1 Shareholders -- 4.2.2 Board of Directors -- 4.2.3 Chief Executive Officer - CEO -- 4.2.4 Employees -- 5. Industry Environment and Dividend Policy -- Abstract -- 5.1 Product Market Participants and Dividend Policy -- 5.1.1 Competitors -- 5.1.1.1 Predation Threat-Based Theory -- 5.1.1.2 Agency-Based Theory -- 5.1.1.3 Imitation-Based Theory -- 5.1.2 Suppliers and Customers -- 5.2 Financial Market Participants and Dividend Policy -- 5.2.1 Creditors -- 5.2.2 Outside Investors -- 5.2.3 Auditors -- 5.3 Dividend Policy in Regulated Industries -- 6. Macro-Environment and Dividend Policy -- Abstract -- 6.1 Political Factors and Dividend Policy -- 6.1.1 Political Uncertainty -- 6.1.2 Economic Policy Uncertainty -- 6.1.3 Political Corruption -- 6.1.4 Democracy -- 6.2 Economic Factors and Dividend Policy -- 6.2.1 National Income -- 6.2.2 Inflation -- 6.2.3 Stock Market Development -- 6.2.4 Monetary Policy -- 6.2.5 Financial Crises -- 6.2.6 COVID-19 Pandemic -- 6.3 Social Factors -- 6.3.1 Culture -- 6.3.1.1 Hofstede's Cultural Dimensions -- 6.3.1.2 Schwartz's Culture Dimensions -- 6.3.1.3 Social Capital -- 6.3.2 Religion -- 6.3.3 Language -- 6.4 Environmental Factors -- 6.5 Legal Factors -- 6.5.1 Shareholder and Creditor Protection Laws -- 6.5.2 Securities Laws -- 6.5.3 Tax Laws -- 7. Business Environment and Dividend Smoothing -- Abstract -- 7.1 What Is Dividend Smoothing? -- 7.1.1 Introduction -- 7.1.2 Dividend Smoothing in Practice -- 7.2 Dividend Smoothing Theories -- 7.2.1 Information Asymmetry-Based Theories -- 7.2.2 Agency-Based Theories -- 7.2.3 Income Smoothing Theory -- 7.3 Internal Environment and Dividend Smoothing -- 7.3.1 Internal Management -- 7.3.1.1 Strategic Issues | |
| 505 | 8 | |a 7.3.1.2 Financial Issues -- 7.3.1.3 Other Firm-Specific Characteristics -- 7.3.2 Internal Stakeholders -- 7.3.2.1 Shareholders -- 7.3.2.2 Board of Directors -- 7.3.2.3 Chief Executive Officer - CEO -- 7.4 Industry Environment and Dividend Smoothing -- 7.5 Macro-Environment and Dividend Smoothing -- 7.5.1 Political Factors -- 7.5.2 Economic Factors -- 7.5.3 Social Factors -- 7.5.4 Environmental Factors -- 7.5.5 Legal Factors -- 8. Dividend Policy and Stock Price -- Abstract -- 8.1 Stock Price Behavior on the Ex-dividend Day -- 8.1.1 Tax Clientele Mechanism -- 8.1.1.1 Main Arguments -- 8.1.1.2 Empirical Evidence -- 8.1.2 Short-Term Trading Mechanism -- 8.1.2.1 Main Arguments -- 8.1.2.2 Empirical Evidence -- 8.1.3 Microstructure Mechanism -- 8.1.3.1 Main Arguments -- 8.1.3.2 Empirical Evidence -- 8.2 Stock Price Reaction to Dividend Announcement -- 8.3 Dividend Policy and Stock Price Volatility -- 8.3.1 Theoretical Arguments -- 8.3.2 Empirical Evidence -- 8.4 Dividend Smoothing and Stock Price -- References | |
| 520 | |a The research explores the critical role of the business environment in shaping corporate decisions, with a specific focus on dividend policy. Written with a finance and treasury readership in mind, this work will appeal to students, educators, researchers, managers, and policymakers alike | ||
| 650 | 4 | |a Dividends | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Tran, Quoc Trung |t Dividend Policy |d Leeds : Emerald Publishing Limited,c2024 |z 9781837979882 |
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Record in the Search Index
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| adam_text | |
| any_adam_object | |
| author | Tran, Quoc Trung |
| author_facet | Tran, Quoc Trung |
| author_role | aut |
| author_sort | Tran, Quoc Trung |
| author_variant | q t t qt qtt |
| building | Verbundindex |
| bvnumber | BV049874824 |
| collection | ZDB-30-PQE |
| contents | Cover -- Dividend Policy -- Dividend Policy: A Business Perspective -- Copyright Page -- Contents -- List of Figures and Tables -- About the Author -- Preface -- Acknowledgments -- 1. Introduction of Dividend Policy -- Abstract -- 1.1 What Is Dividend? -- 1.1.1 History -- 1.1.2 Definition -- 1.1.3 Types of Dividends -- 1.2 What Is Dividend Policy? -- 1.2.1 Definition -- 1.2.2 Important Dates -- 1.2.3 Measures of Dividend Payment -- 1.2.4 Patterns of Dividend Policy -- 1.3 Why Do Firms Hold Cash? -- 1.4 What Drives Dividend Policy? -- 1.4.1 From a Theoretical Perspective -- 1.4.2 From a Business Perspective -- 2. Dividend Policy Around the World -- Abstract -- 2.1 Countries of Mandatory Dividend Policy -- 2.2 Trends in Dividend Policy Over Time -- 2.3 Characteristics of Different Payer Groups -- 2.4 Dividend Policy Across Groups of Countries -- 2.5 Dividend Policy Across Industries -- 2.6 Dividend Policy Across Countries -- 2.7 Dividend Tax Across Countries -- 3. Dividend Policy Theories and Empirical Evidence -- Abstract -- 3.1 Dividend Irrelevance Theory -- 3.1.1 Main Arguments -- 3.1.2 Empirical Evidence -- 3.2 Signaling Theory -- 3.2.1 Main Arguments -- 3.2.2 Empirical Evidence -- 3.3 "Bird-in-hand" Theory -- 3.3.1 Main Arguments -- 3.3.2 Empirical Evidence -- 3.4 Agency Theory -- 3.4.1 Main Arguments -- 3.4.2 Empirical Evidence -- 3.5 Transaction Cost Theory and Pecking Order Theory -- 3.5.1 Main Arguments -- 3.5.2 Empirical Evidence -- 3.6 Life Cycle Theory -- 3.6.1 Main Arguments -- 3.6.2 Empirical Evidence -- 3.7 Catering Theory -- 3.7.1 Main Arguments -- 3.7.2 Empirical Evidence -- 3.8 Tax Clientele Theory -- 3.8.1 Main Arguments -- 3.8.2 Empirical Evidence -- 4. Internal Environment and Dividend Policy -- Abstract -- 4.1 Internal Management and Dividend Policy -- 4.1.1 Strategic Issues -- 4.1.2 Financial Issues 4.1.2.1 Performance-Related Issues -- 4.1.2.2 Leverage-Related Issues -- 4.1.2.3 Investment-Related Issues -- 4.2 Internal Stakeholders and Dividend Policy -- 4.2.1 Shareholders -- 4.2.2 Board of Directors -- 4.2.3 Chief Executive Officer - CEO -- 4.2.4 Employees -- 5. Industry Environment and Dividend Policy -- Abstract -- 5.1 Product Market Participants and Dividend Policy -- 5.1.1 Competitors -- 5.1.1.1 Predation Threat-Based Theory -- 5.1.1.2 Agency-Based Theory -- 5.1.1.3 Imitation-Based Theory -- 5.1.2 Suppliers and Customers -- 5.2 Financial Market Participants and Dividend Policy -- 5.2.1 Creditors -- 5.2.2 Outside Investors -- 5.2.3 Auditors -- 5.3 Dividend Policy in Regulated Industries -- 6. Macro-Environment and Dividend Policy -- Abstract -- 6.1 Political Factors and Dividend Policy -- 6.1.1 Political Uncertainty -- 6.1.2 Economic Policy Uncertainty -- 6.1.3 Political Corruption -- 6.1.4 Democracy -- 6.2 Economic Factors and Dividend Policy -- 6.2.1 National Income -- 6.2.2 Inflation -- 6.2.3 Stock Market Development -- 6.2.4 Monetary Policy -- 6.2.5 Financial Crises -- 6.2.6 COVID-19 Pandemic -- 6.3 Social Factors -- 6.3.1 Culture -- 6.3.1.1 Hofstede's Cultural Dimensions -- 6.3.1.2 Schwartz's Culture Dimensions -- 6.3.1.3 Social Capital -- 6.3.2 Religion -- 6.3.3 Language -- 6.4 Environmental Factors -- 6.5 Legal Factors -- 6.5.1 Shareholder and Creditor Protection Laws -- 6.5.2 Securities Laws -- 6.5.3 Tax Laws -- 7. Business Environment and Dividend Smoothing -- Abstract -- 7.1 What Is Dividend Smoothing? -- 7.1.1 Introduction -- 7.1.2 Dividend Smoothing in Practice -- 7.2 Dividend Smoothing Theories -- 7.2.1 Information Asymmetry-Based Theories -- 7.2.2 Agency-Based Theories -- 7.2.3 Income Smoothing Theory -- 7.3 Internal Environment and Dividend Smoothing -- 7.3.1 Internal Management -- 7.3.1.1 Strategic Issues 7.3.1.2 Financial Issues -- 7.3.1.3 Other Firm-Specific Characteristics -- 7.3.2 Internal Stakeholders -- 7.3.2.1 Shareholders -- 7.3.2.2 Board of Directors -- 7.3.2.3 Chief Executive Officer - CEO -- 7.4 Industry Environment and Dividend Smoothing -- 7.5 Macro-Environment and Dividend Smoothing -- 7.5.1 Political Factors -- 7.5.2 Economic Factors -- 7.5.3 Social Factors -- 7.5.4 Environmental Factors -- 7.5.5 Legal Factors -- 8. Dividend Policy and Stock Price -- Abstract -- 8.1 Stock Price Behavior on the Ex-dividend Day -- 8.1.1 Tax Clientele Mechanism -- 8.1.1.1 Main Arguments -- 8.1.1.2 Empirical Evidence -- 8.1.2 Short-Term Trading Mechanism -- 8.1.2.1 Main Arguments -- 8.1.2.2 Empirical Evidence -- 8.1.3 Microstructure Mechanism -- 8.1.3.1 Main Arguments -- 8.1.3.2 Empirical Evidence -- 8.2 Stock Price Reaction to Dividend Announcement -- 8.3 Dividend Policy and Stock Price Volatility -- 8.3.1 Theoretical Arguments -- 8.3.2 Empirical Evidence -- 8.4 Dividend Smoothing and Stock Price -- References |
| ctrlnum | (ZDB-30-PQE)EBC30728430 (ZDB-30-PAD)EBC30728430 (ZDB-89-EBL)EBL30728430 (OCoLC)1420919277 (DE-599)BVBBV049874824 |
| dewey-full | 332.63221 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.63221 |
| dewey-search | 332.63221 |
| dewey-sort | 3332.63221 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1st ed |
| format | Electronic eBook |
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Macro-Environment and Dividend Policy -- Abstract -- 6.1 Political Factors and Dividend Policy -- 6.1.1 Political Uncertainty -- 6.1.2 Economic Policy Uncertainty -- 6.1.3 Political Corruption -- 6.1.4 Democracy -- 6.2 Economic Factors and Dividend Policy -- 6.2.1 National Income -- 6.2.2 Inflation -- 6.2.3 Stock Market Development -- 6.2.4 Monetary Policy -- 6.2.5 Financial Crises -- 6.2.6 COVID-19 Pandemic -- 6.3 Social Factors -- 6.3.1 Culture -- 6.3.1.1 Hofstede's Cultural Dimensions -- 6.3.1.2 Schwartz's Culture Dimensions -- 6.3.1.3 Social Capital -- 6.3.2 Religion -- 6.3.3 Language -- 6.4 Environmental Factors -- 6.5 Legal Factors -- 6.5.1 Shareholder and Creditor Protection Laws -- 6.5.2 Securities Laws -- 6.5.3 Tax Laws -- 7. 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| id | DE-604.BV049874824 |
| illustrated | Not Illustrated |
| indexdate | 2025-06-03T10:00:52Z |
| institution | BVB |
| isbn | 9781837979899 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035214282 |
| oclc_num | 1420919277 |
| open_access_boolean | |
| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (161 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE_Kauf |
| publishDate | 2024 |
| publishDateSearch | 2024 |
| publishDateSort | 2024 |
| publisher | Emerald Publishing Limited |
| record_format | marc |
| spelling | Tran, Quoc Trung Verfasser aut Dividend Policy A Business Perspective 1st ed Leeds Emerald Publishing Limited 2024 ©2024 1 Online-Ressource (161 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Cover -- Dividend Policy -- Dividend Policy: A Business Perspective -- Copyright Page -- Contents -- List of Figures and Tables -- About the Author -- Preface -- Acknowledgments -- 1. Introduction of Dividend Policy -- Abstract -- 1.1 What Is Dividend? -- 1.1.1 History -- 1.1.2 Definition -- 1.1.3 Types of Dividends -- 1.2 What Is Dividend Policy? -- 1.2.1 Definition -- 1.2.2 Important Dates -- 1.2.3 Measures of Dividend Payment -- 1.2.4 Patterns of Dividend Policy -- 1.3 Why Do Firms Hold Cash? -- 1.4 What Drives Dividend Policy? -- 1.4.1 From a Theoretical Perspective -- 1.4.2 From a Business Perspective -- 2. Dividend Policy Around the World -- Abstract -- 2.1 Countries of Mandatory Dividend Policy -- 2.2 Trends in Dividend Policy Over Time -- 2.3 Characteristics of Different Payer Groups -- 2.4 Dividend Policy Across Groups of Countries -- 2.5 Dividend Policy Across Industries -- 2.6 Dividend Policy Across Countries -- 2.7 Dividend Tax Across Countries -- 3. Dividend Policy Theories and Empirical Evidence -- Abstract -- 3.1 Dividend Irrelevance Theory -- 3.1.1 Main Arguments -- 3.1.2 Empirical Evidence -- 3.2 Signaling Theory -- 3.2.1 Main Arguments -- 3.2.2 Empirical Evidence -- 3.3 "Bird-in-hand" Theory -- 3.3.1 Main Arguments -- 3.3.2 Empirical Evidence -- 3.4 Agency Theory -- 3.4.1 Main Arguments -- 3.4.2 Empirical Evidence -- 3.5 Transaction Cost Theory and Pecking Order Theory -- 3.5.1 Main Arguments -- 3.5.2 Empirical Evidence -- 3.6 Life Cycle Theory -- 3.6.1 Main Arguments -- 3.6.2 Empirical Evidence -- 3.7 Catering Theory -- 3.7.1 Main Arguments -- 3.7.2 Empirical Evidence -- 3.8 Tax Clientele Theory -- 3.8.1 Main Arguments -- 3.8.2 Empirical Evidence -- 4. Internal Environment and Dividend Policy -- Abstract -- 4.1 Internal Management and Dividend Policy -- 4.1.1 Strategic Issues -- 4.1.2 Financial Issues 4.1.2.1 Performance-Related Issues -- 4.1.2.2 Leverage-Related Issues -- 4.1.2.3 Investment-Related Issues -- 4.2 Internal Stakeholders and Dividend Policy -- 4.2.1 Shareholders -- 4.2.2 Board of Directors -- 4.2.3 Chief Executive Officer - CEO -- 4.2.4 Employees -- 5. Industry Environment and Dividend Policy -- Abstract -- 5.1 Product Market Participants and Dividend Policy -- 5.1.1 Competitors -- 5.1.1.1 Predation Threat-Based Theory -- 5.1.1.2 Agency-Based Theory -- 5.1.1.3 Imitation-Based Theory -- 5.1.2 Suppliers and Customers -- 5.2 Financial Market Participants and Dividend Policy -- 5.2.1 Creditors -- 5.2.2 Outside Investors -- 5.2.3 Auditors -- 5.3 Dividend Policy in Regulated Industries -- 6. Macro-Environment and Dividend Policy -- Abstract -- 6.1 Political Factors and Dividend Policy -- 6.1.1 Political Uncertainty -- 6.1.2 Economic Policy Uncertainty -- 6.1.3 Political Corruption -- 6.1.4 Democracy -- 6.2 Economic Factors and Dividend Policy -- 6.2.1 National Income -- 6.2.2 Inflation -- 6.2.3 Stock Market Development -- 6.2.4 Monetary Policy -- 6.2.5 Financial Crises -- 6.2.6 COVID-19 Pandemic -- 6.3 Social Factors -- 6.3.1 Culture -- 6.3.1.1 Hofstede's Cultural Dimensions -- 6.3.1.2 Schwartz's Culture Dimensions -- 6.3.1.3 Social Capital -- 6.3.2 Religion -- 6.3.3 Language -- 6.4 Environmental Factors -- 6.5 Legal Factors -- 6.5.1 Shareholder and Creditor Protection Laws -- 6.5.2 Securities Laws -- 6.5.3 Tax Laws -- 7. Business Environment and Dividend Smoothing -- Abstract -- 7.1 What Is Dividend Smoothing? -- 7.1.1 Introduction -- 7.1.2 Dividend Smoothing in Practice -- 7.2 Dividend Smoothing Theories -- 7.2.1 Information Asymmetry-Based Theories -- 7.2.2 Agency-Based Theories -- 7.2.3 Income Smoothing Theory -- 7.3 Internal Environment and Dividend Smoothing -- 7.3.1 Internal Management -- 7.3.1.1 Strategic Issues 7.3.1.2 Financial Issues -- 7.3.1.3 Other Firm-Specific Characteristics -- 7.3.2 Internal Stakeholders -- 7.3.2.1 Shareholders -- 7.3.2.2 Board of Directors -- 7.3.2.3 Chief Executive Officer - CEO -- 7.4 Industry Environment and Dividend Smoothing -- 7.5 Macro-Environment and Dividend Smoothing -- 7.5.1 Political Factors -- 7.5.2 Economic Factors -- 7.5.3 Social Factors -- 7.5.4 Environmental Factors -- 7.5.5 Legal Factors -- 8. Dividend Policy and Stock Price -- Abstract -- 8.1 Stock Price Behavior on the Ex-dividend Day -- 8.1.1 Tax Clientele Mechanism -- 8.1.1.1 Main Arguments -- 8.1.1.2 Empirical Evidence -- 8.1.2 Short-Term Trading Mechanism -- 8.1.2.1 Main Arguments -- 8.1.2.2 Empirical Evidence -- 8.1.3 Microstructure Mechanism -- 8.1.3.1 Main Arguments -- 8.1.3.2 Empirical Evidence -- 8.2 Stock Price Reaction to Dividend Announcement -- 8.3 Dividend Policy and Stock Price Volatility -- 8.3.1 Theoretical Arguments -- 8.3.2 Empirical Evidence -- 8.4 Dividend Smoothing and Stock Price -- References The research explores the critical role of the business environment in shaping corporate decisions, with a specific focus on dividend policy. Written with a finance and treasury readership in mind, this work will appeal to students, educators, researchers, managers, and policymakers alike Dividends Erscheint auch als Druck-Ausgabe Tran, Quoc Trung Dividend Policy Leeds : Emerald Publishing Limited,c2024 9781837979882 |
| spellingShingle | Tran, Quoc Trung Dividend Policy A Business Perspective Cover -- Dividend Policy -- Dividend Policy: A Business Perspective -- Copyright Page -- Contents -- List of Figures and Tables -- About the Author -- Preface -- Acknowledgments -- 1. Introduction of Dividend Policy -- Abstract -- 1.1 What Is Dividend? -- 1.1.1 History -- 1.1.2 Definition -- 1.1.3 Types of Dividends -- 1.2 What Is Dividend Policy? -- 1.2.1 Definition -- 1.2.2 Important Dates -- 1.2.3 Measures of Dividend Payment -- 1.2.4 Patterns of Dividend Policy -- 1.3 Why Do Firms Hold Cash? -- 1.4 What Drives Dividend Policy? -- 1.4.1 From a Theoretical Perspective -- 1.4.2 From a Business Perspective -- 2. Dividend Policy Around the World -- Abstract -- 2.1 Countries of Mandatory Dividend Policy -- 2.2 Trends in Dividend Policy Over Time -- 2.3 Characteristics of Different Payer Groups -- 2.4 Dividend Policy Across Groups of Countries -- 2.5 Dividend Policy Across Industries -- 2.6 Dividend Policy Across Countries -- 2.7 Dividend Tax Across Countries -- 3. Dividend Policy Theories and Empirical Evidence -- Abstract -- 3.1 Dividend Irrelevance Theory -- 3.1.1 Main Arguments -- 3.1.2 Empirical Evidence -- 3.2 Signaling Theory -- 3.2.1 Main Arguments -- 3.2.2 Empirical Evidence -- 3.3 "Bird-in-hand" Theory -- 3.3.1 Main Arguments -- 3.3.2 Empirical Evidence -- 3.4 Agency Theory -- 3.4.1 Main Arguments -- 3.4.2 Empirical Evidence -- 3.5 Transaction Cost Theory and Pecking Order Theory -- 3.5.1 Main Arguments -- 3.5.2 Empirical Evidence -- 3.6 Life Cycle Theory -- 3.6.1 Main Arguments -- 3.6.2 Empirical Evidence -- 3.7 Catering Theory -- 3.7.1 Main Arguments -- 3.7.2 Empirical Evidence -- 3.8 Tax Clientele Theory -- 3.8.1 Main Arguments -- 3.8.2 Empirical Evidence -- 4. Internal Environment and Dividend Policy -- Abstract -- 4.1 Internal Management and Dividend Policy -- 4.1.1 Strategic Issues -- 4.1.2 Financial Issues 4.1.2.1 Performance-Related Issues -- 4.1.2.2 Leverage-Related Issues -- 4.1.2.3 Investment-Related Issues -- 4.2 Internal Stakeholders and Dividend Policy -- 4.2.1 Shareholders -- 4.2.2 Board of Directors -- 4.2.3 Chief Executive Officer - CEO -- 4.2.4 Employees -- 5. Industry Environment and Dividend Policy -- Abstract -- 5.1 Product Market Participants and Dividend Policy -- 5.1.1 Competitors -- 5.1.1.1 Predation Threat-Based Theory -- 5.1.1.2 Agency-Based Theory -- 5.1.1.3 Imitation-Based Theory -- 5.1.2 Suppliers and Customers -- 5.2 Financial Market Participants and Dividend Policy -- 5.2.1 Creditors -- 5.2.2 Outside Investors -- 5.2.3 Auditors -- 5.3 Dividend Policy in Regulated Industries -- 6. Macro-Environment and Dividend Policy -- Abstract -- 6.1 Political Factors and Dividend Policy -- 6.1.1 Political Uncertainty -- 6.1.2 Economic Policy Uncertainty -- 6.1.3 Political Corruption -- 6.1.4 Democracy -- 6.2 Economic Factors and Dividend Policy -- 6.2.1 National Income -- 6.2.2 Inflation -- 6.2.3 Stock Market Development -- 6.2.4 Monetary Policy -- 6.2.5 Financial Crises -- 6.2.6 COVID-19 Pandemic -- 6.3 Social Factors -- 6.3.1 Culture -- 6.3.1.1 Hofstede's Cultural Dimensions -- 6.3.1.2 Schwartz's Culture Dimensions -- 6.3.1.3 Social Capital -- 6.3.2 Religion -- 6.3.3 Language -- 6.4 Environmental Factors -- 6.5 Legal Factors -- 6.5.1 Shareholder and Creditor Protection Laws -- 6.5.2 Securities Laws -- 6.5.3 Tax Laws -- 7. Business Environment and Dividend Smoothing -- Abstract -- 7.1 What Is Dividend Smoothing? -- 7.1.1 Introduction -- 7.1.2 Dividend Smoothing in Practice -- 7.2 Dividend Smoothing Theories -- 7.2.1 Information Asymmetry-Based Theories -- 7.2.2 Agency-Based Theories -- 7.2.3 Income Smoothing Theory -- 7.3 Internal Environment and Dividend Smoothing -- 7.3.1 Internal Management -- 7.3.1.1 Strategic Issues 7.3.1.2 Financial Issues -- 7.3.1.3 Other Firm-Specific Characteristics -- 7.3.2 Internal Stakeholders -- 7.3.2.1 Shareholders -- 7.3.2.2 Board of Directors -- 7.3.2.3 Chief Executive Officer - CEO -- 7.4 Industry Environment and Dividend Smoothing -- 7.5 Macro-Environment and Dividend Smoothing -- 7.5.1 Political Factors -- 7.5.2 Economic Factors -- 7.5.3 Social Factors -- 7.5.4 Environmental Factors -- 7.5.5 Legal Factors -- 8. Dividend Policy and Stock Price -- Abstract -- 8.1 Stock Price Behavior on the Ex-dividend Day -- 8.1.1 Tax Clientele Mechanism -- 8.1.1.1 Main Arguments -- 8.1.1.2 Empirical Evidence -- 8.1.2 Short-Term Trading Mechanism -- 8.1.2.1 Main Arguments -- 8.1.2.2 Empirical Evidence -- 8.1.3 Microstructure Mechanism -- 8.1.3.1 Main Arguments -- 8.1.3.2 Empirical Evidence -- 8.2 Stock Price Reaction to Dividend Announcement -- 8.3 Dividend Policy and Stock Price Volatility -- 8.3.1 Theoretical Arguments -- 8.3.2 Empirical Evidence -- 8.4 Dividend Smoothing and Stock Price -- References Dividends |
| title | Dividend Policy A Business Perspective |
| title_auth | Dividend Policy A Business Perspective |
| title_exact_search | Dividend Policy A Business Perspective |
| title_full | Dividend Policy A Business Perspective |
| title_fullStr | Dividend Policy A Business Perspective |
| title_full_unstemmed | Dividend Policy A Business Perspective |
| title_short | Dividend Policy |
| title_sort | dividend policy a business perspective |
| title_sub | A Business Perspective |
| topic | Dividends |
| topic_facet | Dividends |
| work_keys_str_mv | AT tranquoctrung dividendpolicyabusinessperspective |