學術產出-期刊論文
| 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 | 6-十二月-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, Mia | en_US |
| dc.date (日期) | 2012-05 | en_US |
| dc.date.accessioned | 6-十二月-2013 15:22:20 (UTC+8) | - |
| dc.date.available | 6-十二月-2013 15:22:20 (UTC+8) | - |
| dc.date.issued (上傳時間) | 6-十二月-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), 401-421 | en_US |
| dc.subject (關鍵詞) | stock market development;likelihood to pay;payouts;omission;dividends | en_US |
| dc.title (題名) | Stock market development and the decline of the portion of dividend payer throughout the world | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1111/j.1540-6288.2012.00334.x | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1111/j.1540-6288.2012.00334.x | en_US |