| Autor: |
Arcos Mora, Mauricio Alejandro, Berggrun Preciado, Luis, Benavides Franco, Julián |
| Jazyk: |
angličtina |
| Rok vydání: |
2007 |
| Předmět: |
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| Popis: |
We test different predictions of the pecking order and trade-of theories for the dividends of a sample of Latin-American firms in seven countries covering the years 1999 to 2005. Most of the theoretical predictions are confirmed by the data; our tests also report a high speed of adjustment in the dividend levels of the firms in the sample. A simple model testing the effect of the payout level on the dividend yield, find some support for the tax advantage of capital gains over dividends |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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