Dividend payout ratio follows a Tweedie distribution: international evidence

Abstract: Dividend policy is still a largely discussed issue in corporate finance literature. One of the main indicators used in analysing the dividend policy is the dividend payout ratio. Using a database consisting of 12,085 companies operating in 73 countries, for the period 2008–2014, the authors found that the dividend payout ratio follows a Tweedie distribution, and not a normal one. This distribution is stable over time for the entire analysed period. In addition, it describes the case of almost all the countries included in the sample. Thus, a better estimation of the probability that dividend payout ratio is lower or higher than a benchmark can be provided. Also, an analysis of dividend policy, distinctly considering payer versus non-payer companies, can offer additional important information for both practitioners and academics.

Objekt anzeigen

• Standort: Deutsche Nationalbibliothek Frankfurt am Main
• Umfang: Online-Ressource
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Dividend payout ratio follows a Tweedie distribution: international evidence ; volume:13 ; number:1 ; year:2019 ; extent:35 ; Economics / Journal articles. Journal articles ; 13, Heft 1 (2019) (gesamt 35)

Beteiligte, Orts- und Zeitangaben

• Urheber: Dragotă, Victor ; Pele, Daniel Traian ; Yaseen, Hanaan

Weitere Informationen

• DOI: 10.5018/economics-ejournal.ja.2019-45
• URN: urn:nbn:de:101:1-2412131022323.653391575028
• Rechteinformation: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.