메뉴 건너뛰기




Volumn 3, Issue 1, 2007, Pages 70-91

The perception of dividends by Canadian managers: New survey evidence

Author keywords

Canada; Dividends; Managers; Surveys

Indexed keywords


EID: 33846275836     PISSN: 17439132     EISSN: None     Source Type: Journal    
DOI: 10.1108/17439130710721662     Document Type: Article
Times cited : (60)

References (47)
  • 1
    • 33846293022 scopus 로고
    • La réticence des firmes à baisser le dividende: Le cas Canadien
    • Adjaoud, F. (1986), "La réticence des firmes à baisser le dividende: le cas Canadien", Finance, Vol. 7 No. 13, pp. 169-81.
    • (1986) Finance , vol.7 , Issue.13 , pp. 169-81
    • Adjaoud, F.1
  • 2
    • 33748865610 scopus 로고    scopus 로고
    • The declining information content of dividend announcements and the effect of institutional holdings
    • forthcoming
    • Amihud, Y. and Li, K. (2006), "The declining information content of dividend announcements and the effect of institutional holdings", Journal of Financial and Quantitative Analysis, forthcoming.
    • (2006) Journal of Financial and Quantitative Analysis
    • Amihud, Y.1    Li, K.2
  • 3
    • 33747756542 scopus 로고
    • The relationship between industry classification and dividend policy
    • Baker, H.K. (1988), "The relationship between industry classification and dividend policy", Southern Business Review, Vol. 14 No. 1, pp. 1-8.
    • (1988) Southern Business Review , vol.14 , Issue.1 , pp. 1-8
    • Baker, H.K.1
  • 4
    • 0042923139 scopus 로고
    • Why companies pay no dividends
    • Baker, H.K. (1989), "Why companies pay no dividends", Akron Business and Economic Review, Vol. 20 No. 2, pp. 48-61.
    • (1989) Akron Business and Economic Review , vol.20 , Issue.2 , pp. 48-61
    • Baker, H.K.1
  • 6
    • 30344484129 scopus 로고    scopus 로고
    • Determinants of corporate dividend policy: A survey of NYSE firms
    • Baker, H.K. and Powell, G.E. (2000), "Determinants of corporate dividend policy: a survey of NYSE firms", Financial Practice and Education, Vol. 10 No. 1, pp. 29-40.
    • (2000) Financial Practice and Education , vol.10 , Issue.1 , pp. 29-40
    • Baker, H.K.1    Powell, G.E.2
  • 7
    • 0001931354 scopus 로고
    • A survey of management views on dividend policy
    • Baker, H.K., Farrelly, G. and Edelman, R.B. (1985), "A survey of management views on dividend policy", Financial Management, Vol. 14 No. 3, pp. 78-84.
    • (1985) Financial Management , vol.14 , Issue.3 , pp. 78-84
    • Baker, H.K.1    Farrelly, G.2    Edelman, R.B.3
  • 9
    • 0036421348 scopus 로고    scopus 로고
    • Revisiting the dividend puzzle: Do all of the pieces now fit?
    • Baker, H.K., Powell, G.E. and Veit, E.T. (2002a), "Revisiting the dividend puzzle: do all of the pieces now fit?", Review of Financial Economics, Vol. 11 No. 4, pp. 241-61.
    • (2002) Review of Financial Economics , vol.11 , Issue.4 , pp. 241-61
    • Baker, H.K.1    Powell, G.E.2    Veit, E.T.3
  • 10
    • 27844487791 scopus 로고    scopus 로고
    • Revisiting managerial perspectives on dividend policy
    • Baker, H.K., Powell, G.E. and Veit, E.T. (2002b), "Revisiting managerial perspectives on dividend policy", Journal of Economics and Finance, Vol. 26 No. 3, pp. 267-83.
    • (2002) Journal of Economics and Finance , vol.26 , Issue.3 , pp. 267-83
    • Baker, H.K.1    Powell, G.E.2    Veit, E.T.3
  • 11
    • 85040412136 scopus 로고    scopus 로고
    • Factors influencing dividend policy decisions of Nasdaq firms
    • Baker, H.K., Veit, E.T. and Powell, G.E. (2001), "Factors influencing dividend policy decisions of Nasdaq firms", Financial Review, Vol. 36 No. 3, pp. 19-37.
    • (2001) Financial Review , vol.36 , Issue.3 , pp. 19-37
    • Baker, H.K.1    Veit, E.T.2    Powell, G.E.3
  • 12
    • 2942716949 scopus 로고    scopus 로고
    • A catering theory of dividends
    • Baker, M. and Wurgler, J. (2004a), "A catering theory of dividends", Journal of Finance, Vol. 59 No. 3, pp. 1125-65.
    • (2004) Journal of Finance , vol.59 , Issue.3 , pp. 1125-65
    • Baker, M.1    Wurgler, J.2
  • 13
    • 3242787159 scopus 로고    scopus 로고
    • Appearing and disappearing dividends: The link to catering incentives
    • Baker, M. and Wurgler, J. (2004b), "Appearing and disappearing dividends: the link to catering incentives", Journal of Financial Economics, Vol. 73 No. 2, pp. 271-88.
    • (2004) Journal of Financial Economics , vol.73 , Issue.2 , pp. 271-88
    • Baker, M.1    Wurgler, J.2
  • 14
    • 0000118836 scopus 로고
    • Imperfect information, dividend policy and the bird in the hand fallacy
    • Bhattacharya, S. (1979), "Imperfect information, dividend policy and the bird in the hand fallacy", Bell Journal of Economics, Vol. 10 No. 1, pp. 259-70.
    • (1979) Bell Journal of Economics , vol.10 , Issue.1 , pp. 259-70
    • Bhattacharya, S.1
  • 15
  • 17
    • 3843096645 scopus 로고    scopus 로고
    • Does M&A pay? A survey of evidence from the decision-maker
    • Bruner, R.F. (2002), "Does M&A pay? A survey of evidence from the decision-maker", Journal of Applied Finance, Vol. 12 No. 1, pp. 48-68.
    • (2002) Journal of Applied Finance , vol.12 , Issue.1 , pp. 48-68
    • Bruner, R.F.1
  • 18
    • 85015386725 scopus 로고    scopus 로고
    • The perception of dividends by professional investors
    • Chiang, K., Frankfurter, G.M., Kosedag, A. and Wood, B. Jr (2006), "The perception of dividends by professional investors", Managerial Finance, Vol. 32 No. 1, pp. 60-81.
    • (2006) Managerial Finance , vol.32 , Issue.1 , pp. 60-81
    • Chiang, K.1    Frankfurter, G.M.2    Kosedag, A.3    Wood Jr., B.4
  • 19
    • 0141869225 scopus 로고    scopus 로고
    • Current trends in corporate governance: Going from London to Milan via Toronto
    • Cheffins, B. (1999), "Current trends in corporate governance: going from London to Milan via Toronto", Duke Journal of Comparative and International Law, Vol. 10 No. 1, pp. 5-42.
    • (1999) Duke Journal of Comparative and International Law , vol.10 , Issue.1 , pp. 5-42
    • Cheffins, B.1
  • 20
    • 2442689383 scopus 로고    scopus 로고
    • Are dividends disappearing? Dividend concentration and the consolidation of earnings
    • DeAngelo, H., DeAngelo, L. and Skinner, D.J. (2004), "Are dividends disappearing? Dividend concentration and the consolidation of earnings", Journal of Financial Economics, Vol. 22 No. 3, pp. 425-56.
    • (2004) Journal of Financial Economics , vol.22 , Issue.3 , pp. 425-56
    • Deangelo, H.1    Deangelo, L.2    Skinner, D.J.3
  • 22
    • 27944435313 scopus 로고    scopus 로고
    • Why individual investors want dividends
    • Dong, M., Robinson, C. and Veld, C. (2005), "Why individual investors want dividends", Journal of Corporate Finance, Vol. 12 No. 1, pp. 121-58.
    • (2005) Journal of Corporate Finance , vol.12 , Issue.1 , pp. 121-58
    • Dong, M.1    Robinson, C.2    Veld, C.3
  • 23
    • 33846290053 scopus 로고    scopus 로고
    • European Financial Management Association meetings, Milan, available at: http://papers.ssrn.com/sol3/papers.cfm/abstractid=692942
    • Dutta, S., Jog, V. and Saadi, S. (2005), "Re-examination of the ex-dividend day behavior of Canadian stock prices", European Financial Management Association meetings, Milan, available at: http://papers.ssrn.com/ sol3/papers.cfm/abstractid=692942.
    • (2005) Re-examination of the Ex-dividend Day Behavior of Canadian Stock Prices
    • Dutta, S.1    Jog, V.2    Saadi, S.3
  • 24
    • 0001413464 scopus 로고
    • Two agency-cost explanations of dividends
    • Easterbrook, F.H. (1984), "Two agency-cost explanations of dividends", American Economic Review, Vol. 74 No. 4, pp. 650-9.
    • (1984) American Economic Review , vol.74 , Issue.4 , pp. 650-9
    • Easterbrook, F.H.1
  • 25
    • 0001956457 scopus 로고
    • Marginal stockholder tax rates and the clientele effect
    • Elton, E.J. and Gruber, M.J. (1970), "Marginal stockholder tax rates and the clientele effect", Review of Economics and Statistics, Vol. 52 No. 1, pp. 68-74.
    • (1970) Review of Economics and Statistics , vol.52 , Issue.1 , pp. 68-74
    • Elton, E.J.1    Gruber, M.J.2
  • 26
    • 0003164748 scopus 로고    scopus 로고
    • Disappearing dividends: Changing firm characteristics or lower propensity to pay?
    • Fama, E.F. and French, K.R. (2001), "Disappearing dividends: Changing firm characteristics or lower propensity to pay?", Journal of Financial Economics, Vol. 60 No. 1, pp. 3-43.
    • (2001) Journal of Financial Economics , vol.60 , Issue.1 , pp. 3-43
    • Fama, E.F.1    French, K.R.2
  • 29
    • 0005941832 scopus 로고
    • Optimal investment and financing policy
    • Gordon, M.J. (1963), "Optimal investment and financing policy", Journal of Finance, Vol. 18 No. 2, pp. 264-72.
    • (1963) Journal of Finance , vol.18 , Issue.2 , pp. 264-72
    • Gordon, M.J.1
  • 30
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, M.C. and Meckling, W.H. (1976), "Theory of the firm: Managerial behavior, agency costs and ownership structure", Journal of Financial Economics, Vol. 3 No. 4, pp. 305-60.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-60
    • Jensen, M.C.1    Meckling, W.H.2
  • 31
    • 84944836061 scopus 로고
    • Dividends, dilution, and taxes: A signaling equilibrium
    • John, K. and Williams, J. (1985), "Dividends, dilution, and taxes: a signaling equilibrium", Journal of Finance, Vol. 40 No. 4, pp. 1053-70.
    • (1985) Journal of Finance , vol.40 , Issue.4 , pp. 1053-70
    • John, K.1    Williams, J.2
  • 33
    • 0042342630 scopus 로고    scopus 로고
    • The dividend and share repurchase policies of Canadian firms: Empirical evidence based on an alternative research design
    • Jong, A.D., Vijk, R.V. and Veld, C. (2003), "The dividend and share repurchase policies of Canadian firms: empirical evidence based on an alternative research design", International Review of Financial Analysis, Vol. 12 No. 4, pp. 349-77.
    • (2003) International Review of Financial Analysis , vol.12 , Issue.4 , pp. 349-77
    • Jong, A.D.1    Vijk, R.V.2    Veld, C.3
  • 37
    • 0002744905 scopus 로고
    • Distribution of incomes of corporations among dividends, retained earnings and taxes
    • Lintner, J. (1956), "Distribution of incomes of corporations among dividends, retained earnings and taxes", American Economics Review, Vol. 46 No. 2, pp. 97-113.
    • (1956) American Economics Review , vol.46 , Issue.2 , pp. 97-113
    • Lintner, J.1
  • 38
    • 0001699517 scopus 로고
    • Dividend policy, growth, and the valuation of shares
    • Miller, M. and Modigliani, F. (1961), "Dividend policy, growth, and the valuation of shares", Journal of Business, Vol. 34, pp. 411-33.
    • (1961) Journal of Business , vol.34 , pp. 411-33
    • Miller, M.1    Modigliani, F.2
  • 41
    • 33845887599 scopus 로고    scopus 로고
    • Inherited wealth, corporate control, and economic growth: The Canadian disease
    • Morck, R. University of Chicago Press Chicago, IL
    • Morck, R., Stangeland, D.A. and Yeung, B. (2000), "Inherited wealth, corporate control, and economic growth: the Canadian disease", in Morck, R. (Ed.), Concentrated Corporate Ownership, University of Chicago Press, Chicago, IL, pp. 319-69.
    • (2000) Concentrated Corporate Ownership , pp. 319-69
    • Morck, R.1    Stangeland, D.A.2    Yeung, B.3
  • 42
    • 84987564637 scopus 로고
    • The interactions between the investment, financing, and dividend decisions of major US firms
    • Pruitt, S.W. and Gitman, L.J. (1991), "The interactions between the investment, financing, and dividend decisions of major US firms", Financial Review, Vol. 26 No. 3, pp. 409-30.
    • (1991) Financial Review , vol.26 , Issue.3 , pp. 409-30
    • Pruitt, S.W.1    Gitman, L.J.2
  • 43
    • 0011401282 scopus 로고
    • Governance structure, corporate decision-making and firm performance in North America
    • Daniels, J.R. Morck, R. Industry Canada Ottawa
    • Rao, P.S. and Lee-Sing, R.C. (1995), "Governance structure, corporate decision-making and firm performance in North America", in Daniels, J.R. and Morck, R. (Eds), Corporate Decision-Making in Canada, Industry Canada, Ottawa.
    • (1995) Corporate Decision-Making in Canada
    • Rao, P.S.1    Lee-Sing, R.C.2
  • 44
    • 84986465448 scopus 로고
    • Growth, beta and agency costs as determinants of dividend payout ratios
    • Rozeff, M.S. (1982), "Growth, beta and agency costs as determinants of dividend payout ratios", Journal of Financial Research, Vol. 5 No. 3, pp. 249-59.
    • (1982) Journal of Financial Research , vol.5 , Issue.3 , pp. 249-59
    • Rozeff, M.S.1
  • 45
    • 4043182440 scopus 로고    scopus 로고
    • working paper, International Securities Market Association, Zurich
    • Steil, B. (2002), "Building a transatlantic securities market", working paper, International Securities Market Association, Zurich.
    • (2002) Building a Transatlantic Securities Market
    • Steil, B.1
  • 46
    • 0000918870 scopus 로고
    • Nonresponse bias in mail accounting surveys: A pedagogical note
    • Wallace, R.S.O. and Mellor, C.J. (1988), "Nonresponse bias in mail accounting surveys: a pedagogical note", British Accounting Review, Vol. 20 No. 2, pp. 131-9.
    • (1988) British Accounting Review , vol.20 , Issue.2 , pp. 131-9
    • Wallace, R.S.O.1    Mellor, C.J.2
  • 47
    • 33846331769 scopus 로고
    • Dividend policy: Its influence on the value of the enterprise
    • Walter, J.E. (1963), "Dividend policy: its influence on the value of the enterprise", Journal of Finance, Vol. 18 No. 2, pp. 270-91.
    • (1963) Journal of Finance , vol.18 , Issue.2 , pp. 270-91
    • Walter, J.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.