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題名 Stock market development and the decline of the portion of dividend payer throughout the world
作者 屠美亞
Twu, Mia
貢獻者 政大財管系
關鍵詞 stock market development;likelihood to pay;payouts;omission;dividends
日期 2012-05
上傳時間 6-Dec-2013 15:22:20 (UTC+8)
摘要 I contend that stock market development has substantially contributed to the decline of dividend payers worldwide. Using data from 31 countries, my research shows that stock market development makes firms in countries with a relatively high dependence on stock market financing less likely to pay dividends, to pay less, and more likely to omit. These results also are robust to the sample selection, the time‐varying firm characteristics, and the differences in legal systems, capital market scales, and country‐level information disclosure.
關聯 Financial Review, 47(2), 401-421
資料類型 article
DOI http://dx.doi.org/10.1111/j.1540-6288.2012.00334.x
dc.contributor 政大財管系en_US
dc.creator (作者) 屠美亞zh_TW
dc.creator (作者) Twu, Miaen_US
dc.date (日期) 2012-05en_US
dc.date.accessioned 6-Dec-2013 15:22:20 (UTC+8)-
dc.date.available 6-Dec-2013 15:22:20 (UTC+8)-
dc.date.issued (上傳時間) 6-Dec-2013 15:22:20 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/62219-
dc.description.abstract (摘要) I contend that stock market development has substantially contributed to the decline of dividend payers worldwide. Using data from 31 countries, my research shows that stock market development makes firms in countries with a relatively high dependence on stock market financing less likely to pay dividends, to pay less, and more likely to omit. These results also are robust to the sample selection, the time‐varying firm characteristics, and the differences in legal systems, capital market scales, and country‐level information disclosure.en_US
dc.format.extent 530667 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Financial Review, 47(2), 401-421en_US
dc.subject (關鍵詞) stock market development;likelihood to pay;payouts;omission;dividendsen_US
dc.title (題名) Stock market development and the decline of the portion of dividend payer throughout the worlden_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1111/j.1540-6288.2012.00334.xen_US
dc.doi.uri (DOI) http://dx.doi.org/10.1111/j.1540-6288.2012.00334.xen_US