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Signaling, Dividends and Financial Structure: Implications from Cross Country Comparisons

Varouj Aram Aivazian (), L. Booth and S. Cleary

Rotman School of Management - Finance from Rotman School of Management, University of Toronto

Abstract: 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)
Date: 1999
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