Asymmetric Information and Dividend Policy

275 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

What drives mandatory and voluntary risk reporting variations across Germany, UK and US? (2015, unknown): “Marshall and Weetman (2007) suggest that highleverage firms are likely to provide foreign exchange risk disclosure.”
The relationship among information asymmetry, dividend policy and ownership structure (2017, methodology): “We followed Li and Zhao (2008) and considered the characteristics of Chinese stock markets to construct the following models.”
Does Local Religiosity Matter for Bank Risk-Taking? (2016, background): “Following Allen and Michaely (2003), and Li and Zhao (2008), we scale dividends by book assets, instead of stock price or earnings, to ensure that the results are not driven by stock price variation or negative earnings.”
Peer influence on payout policies (2018, background): “Following Allen and Michaely (2003) and Li and Zhao (2008), we normalize the amount of dividends by book assets, rather than by market capitalization or earnings, to ensure that the results are not influenced by stock price variations or affected by firms with negative earnings.14 To parallel…”
Does Corporate Social Responsibility Affect Information Asymmetry? (2016, background): “Our first information asymmetry measure is dispersion of analysts’ forecasts (DISP), which measures differences in investor opinions (Lang and Lundholm 1996; Diether et al. 2002; Li and Zhao 2008).”