haku: @author Dharan, B. G. / yhteensä: 4
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| Tekijä: | Dharan, B. G. |
| Otsikko: | The association between corporate dividends and current costs disclosures |
| Lehti: | Journal of Business Finance and Accounting
1988 : SUMMER, VOL. 15:2, p.215-230 |
| Asiasana: | DIVIDENDS DECISION MAKING CAPITAL |
| Kieli: | eng |
| Tiivistelmä: | Various hypotheses on the association between current cost data and corporate dividend decisions are tested. A model based on capital maintenance predicts a positive association between dividends and current cost earnings, while other models predict negative or no association. To test the alternative models, four different test methodologies are used, and the findings on the relationship between current cost earnings and dividends are reported. The evidence from 1981 to 1983 current cost data for over 300 firms of the United States rejects the capital maintenance hypothesis and strongly supports the target payout and partial adjustment models, and shows that current cost data appear to have little explanatory power about dividend decisions. |
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