Market Risk-Adjusted Dividend Policy and Price-to-Book Ratio
What is it about?
This paper investigates the impact of both systematic and unsystematic risks on the dividend policy of 563 and 603 listed and delisted nonfinancial firms in the UK respectively. The data cover the period from 1992 to 2011. The authors propose a mathematical structure that presents a new measure of risk-adjusted dividends per share.
Why is it important?
The paper investigates the dividend behavior of delisted firms to assess whether the dividend decision is significant to listed as well as delisted firms and if a firm has been delisted due to a financing or an investment decision.
The following have contributed to this page: Professor Tarek Ibrahim Eldomiaty