2016
DOI: 10.1108/mf-07-2015-0211
|View full text |Cite
|
Sign up to set email alerts
|

How Moroccan managers view dividend policy

Abstract: Purpose – The purpose of this paper is to survey managers of firms listed on the Casablanca Stock Exchange (CSE) to learn their views about the factors influencing dividend policy, dividend issues, and explanations for paying dividends. It compares the results to similar dividend surveys in the USA, Canada, Indonesia, and India. Design/methodology/approach – The study uses a mail survey of CSE listed firms that paid one or more cash divi… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
2

Citation Types

20
103
2
10

Year Published

2016
2016
2024
2024

Publication Types

Select...
8
1

Relationship

1
8

Authors

Journals

citations
Cited by 106 publications
(135 citation statements)
references
References 50 publications
20
103
2
10
Order By: Relevance
“…The utilities firms view the world differently due to the monopoly power and the non-competitive environment in the industry. The findings of Baker and Powell (1999) are consistent with Baker et al (1985).…”
Section: Prior Empirical Researches On Determinants Of Dividendssupporting
confidence: 80%
See 1 more Smart Citation
“…The utilities firms view the world differently due to the monopoly power and the non-competitive environment in the industry. The findings of Baker and Powell (1999) are consistent with Baker et al (1985).…”
Section: Prior Empirical Researches On Determinants Of Dividendssupporting
confidence: 80%
“…In his model, the changes in earnings and the expectations regarding the level of earnings determine a firm's dividend policy. Fama and Babiak (1968), Pruitt and Gitman (1991) and Baker and Powell (1999) support Lintner's findings. Skinner and Soltes (2011) examined the relationship between the dividends and earnings quality.…”
Section: Prior Empirical Researches On Determinants Of Dividendssupporting
confidence: 73%
“…However, the dividend behaviour of financial and non-financial firms is often studied separately (Baker et al, 2001 andBaker et al, 2008;are notable exceptions). This shortfall represents a significant gap in the literature, since results from previous studies suggest that industry classification may affect dividend policy (Lintner 1956;Baker et al, 1985;Barclays et al, 1995;Baker and Powell, 1999). The literature has also paid very little academic attention to dividend policy research that addresses issues related to the development of the emerging stock markets of sub-Saharan Africa, such as Nigeria.…”
Section: Introductionmentioning
confidence: 99%
“…In his seminal work, Lintner (1956) argued that firms tended to increase their dividends once they were certain about the future earnings. So a dividend increase may be viewed as a signal because it reduces uncertainty about future earnings and the market value of a firm (Baker et al, 1985;Baker and Powell, 1999). In addition, dividend changes are visible and freely communicated in the financial press.…”
mentioning
confidence: 99%