haku: @author Dickerson, A. / yhteensä: 4
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| Tekijä: | Dickerson, A. |
| Otsikko: | Takeover risk and dividend strategy: a study of UK firms |
| Lehti: | Journal of Industrial Economics
1998 : SEP, VOL. 46:3, p. 281-300 |
| Asiasana: | MERGERS RISK STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | The authors investigate the relationship between a company's dividend strategy and its risk or takeover. The results from a large panel of UK quoted companies suggest that higher dividend payments are associated with a significantly lower conditional probability (hazard) of takeover. Moreover, firms which wish to avoid takeover would be better to distribute the marginal 1 pound of earnings in dividends rather than investing it in the company. |
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