Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Do corporate directors ‘heap’ dividends?: Evidence on dividend rounding and information uncertainty in Australian firms
Carson College of Business, Washington State University, US.
School of Business and Tourism, Southern Cross University, Australia.
Karlstads universitet, Fakulteten för humaniora och samhällsvetenskap (from 2013), Centrum för tjänsteforskning (from 2013).
College of Business, University of Montana, US.
2018 (engelsk)Inngår i: Australian Journal of Management, ISSN 0312-8962, E-ISSN 1327-2020Artikkel i tidsskrift (Fagfellevurdert) In press
Abstract [en]

In this study, we examine the extent of dividend heaping in Australian firms between 1976 and 2015. Our findings show that 27.39% of dividends greater than or equal to 2.5-cents are heaped in 2.5-cent intervals, while 70.90% of dividends less than 2.5-cents are heaped in 0.25-cent intervals. We find that the heaping phenomenon decreases over time and average dividend size increases. We also show that when establishing the likelihood of dividend heaping, stock return volatility and firm size are consistent with the information uncertainty hypothesis. Dividend heaping also appears to be influenced by firm-level characteristics that are inconsistent with the hypothesis. For instance, the likelihood of heaping increases with dividend size and firm age. 

sted, utgiver, år, opplag, sider
SAGE Publications Ltd , 2018.
Emneord [en]
Behavioral, directors, dividends, heaping, management, rounding
HSV kategori
Forskningsprogram
Företagsekonomi
Identifikatorer
URN: urn:nbn:se:kau:diva-67105DOI: 10.1177/0312896218758838Scopus ID: 2-s2.0-85044973160OAI: oai:DiVA.org:kau-67105DiVA, id: diva2:1199488
Tilgjengelig fra: 2018-04-20 Laget: 2018-04-20 Sist oppdatert: 2018-06-28bibliografisk kontrollert

Open Access i DiVA

Fulltekst mangler i DiVA

Andre lenker

Forlagets fulltekstScopus
Av organisasjonen
I samme tidsskrift
Australian Journal of Management

Søk utenfor DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric

doi
urn-nbn
Totalt: 18 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf