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Document type:
Zeitschriftenaufsatz 
Author(s):
Fernau, Erik; Hirsch, Stefan 
Non-TUM Co-author(s):
ja 
Cooperation:
national 
Title:
What drives dividend smoothing? A meta regression analysis of the Lintner model 
Abstract:
We revisit the view of dividend smoothing as one of the most robust findings in the empirical corporate finance literature by employing meta-regression analysis (MRA). Using 99 empirical studies that employ Lintner's dividend payout model we investigate the heterogeneity in reported dividend smoothing effects. We find evidence for (i) a mediocre degree of dividend smoothing across the analyzed literature, (ii) bi-directional publication bias -i.e. a tendency to preferably report positive and sta...    »
 
Keywords:
Meta regression analysis Dividend smoothing Lintner model Publication bias 
Intellectual Contribution:
Discipline-based Research 
Journal title:
International Review of Financial Analysis 
Journal listet in FT50 ranking:
nein 
Year:
2018 
Journal volume:
61 
Year / month:
2019-01 
Pages contribution:
255-273 
Publisher:
Elsevier BV 
E-ISSN:
1057-5219 
Date of publication:
01.12.2018 
Key publication:
Nein 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Ja 
Interdisciplinarity:
Nein 
Mission statement:
Ethics and Sustainability:
Nein