Speed of Adjustment in Dividend Payout Decisions: A Comparative Analysis of Developed and Developing Countries
This study examines the phenomenon of dividend smoothing, which is a policy of setting higher or lower dividend values than aligns with the levels of a company’s earnings. Herein we specifically examine the speed of adjustment as a measure for the presence of dividend smoothing, and investigate how...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
National Research University Higher School of Economics
2019-06-01
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| Series: | Корпоративные финансы |
| Subjects: | |
| Online Access: | https://cfjournal.hse.ru/article/view/10072/10964 |