The Dividend Substitution Hypothesis: Australian Evidence.
In a perfect capital market firms are indifferent to either dividends or repurchases as payout mechanisms, suggesting that the two payout methods should be perfect substitutes. Empirical research at the single country level, as well as cross country studies, provide evidence that dividends and repur...
| Publicado en: | Abacus Vol. 51; no. 1; pp. 37 - 63 |
|---|---|
| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Mar2015
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |