Capital gains tax, managed funds and the value of dividends: The case of New Zealand

Hodgkinson, Lynn; Partington, Graham

doi:10.1016/j.bar.2013.06.005

Cited by 4 publications

(2 citation statements)

References 37 publications

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“…Kumpulan perseroan yang digunakan melibatkan seluruh komunitas perseroan di ISSI tahun 2013 sampai 2015. Teknik pemungutan sampel menggunakan purprosive sampling, yaitu suatu teknik dalam menentukan bukti melalui tolok ukur khusus sesuai target penelitian (Hodgkinson & Partington, 2013). Alasan penggunaan teknik ini adalah mampu memilah dan mengategorikan sampel sesuai dengan misi dalam penelitian.…”

Section: Metodeunclassified

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Determinan Kebijakan Dividen

Ningrum

2017

jamal

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Penelitian ini bertujuan menguji determinan kebijakan dividen berdasarkan profitabilitas dan leverage dengan menggunakan moderasi kepemilikan manajerial dan likuiditas. Analisis regresi multipel digunakan sebagai metode untuk menguji determinan tersebut. Penelitian ini menunjukkan bahwa besarnya laba sangat menentukan pembagian dividen, sedangkan ada atau tidaknya pembatasan utang tidak mampu memengaruhi dividen. Sebaliknya, kepemilikan manajerial menurunkan jumlah dividen pada saat kepemilikan saham oleh manajer cukup tinggi, dan likuiditas tidak mampu meningkatkan atau menurunkan jumlah dividen karena tingginya likuiditas akan semakin menimbulkan konflik agensi.

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Section: Metodeunclassified

“…Sementara itu, pada Tabel 4 dalam penelitian ini memaparkan hasil regresi berjenjang dengan menambahkan variabel moderasi kepemilikan manajerial dan likuiditas. Hodgkinson & Partington (2013) menjelaskan salah satu cara pengujian terhadap efek moderasi yaitu dengan melihat signifikansi koefisien dari interaksi.…”

Section: Metodeunclassified

Determinan Kebijakan Dividen

Ningrum

2017

jamal

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What do dividend changes reveal? Theory and evidence from a unique environment

AlGhazali,

Al-Yahyaee,

Fairchild

et al. 2023

Rev Quant Finan Acc

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We explore the reasons behind corporate dividend changes and factors driving those changes during 2001–2021 in Oman, as a unique environment. The implications of our paper contrast with the relevant existing literature which demonstrates a positive correlation between dividends and stock prices in Oman, in support of the signaling theory. Employing multiple methods and after controlling for the nonlinearity in the profitability process, we find virtually no evidence for the signaling theory of dividends for dividend reductions, in terms of future earnings. Furthermore, our analysis affirms the importance of current profitability in influencing the magnitude of and the propensity to change (increase or decrease) dividends in listed Omani firms. We also find that the catering theory of dividends does not have any explanatory power on dividend changes. Further, firms’ life-cycle status and real investments have been found to significantly affect the decision to change dividends. Our results, which depart from the findings in the conventional literature, can be attributed to the distinct institutional features in Oman. Our game-theoretic model of dividend signaling/dividend catering provides some explanations.

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Valuation effects of tax-free versus taxed cash distributions

Δασίλας

Grose

2019

International Review of Financial Analysis

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Capital gains tax, managed funds and the value of dividends: The case of New Zealand

Cited by 4 publications

References 37 publications

Determinan Kebijakan Dividen

Determinan Kebijakan Dividen

What do dividend changes reveal? Theory and evidence from a unique environment

Valuation effects of tax-free versus taxed cash distributions

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