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Signaling, Dividends and Financial Structure: Implications from Cross Country Comparisons
Varouj Aram Aivazian L. Booth and
Rotman School of Management - Finance from Rotman School of Management, University of Toronto
We examine the dividend behavior of firms operating in different institutional regimes by comparing the dividend behavior of companies in eight developing countries to those of ninety-nine US companies over the same period.
Keywords: INFORMATION; FINANCIAL MARKET; DEVELOPING COUNTRIES; DIVIDENDES (search for similar items in EconPapers)
JEL-codes: G32 G32 (search for similar items in EconPapers)
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