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Titel:

What drives dividend smoothing? A meta regression analysis of the Lintner model

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Fernau, Erik; Hirsch, Stefan
Nicht-TUM Koautoren:
ja
Kooperation:
national
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...     »
Stichworte:
Meta regression analysis Dividend smoothing Lintner model Publication bias
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
International Review of Financial Analysis
Journal gelistet in FT50 Ranking:
nein
Jahr:
2018
Band / Volume:
61
Jahr / Monat:
2019-01
Seitenangaben Beitrag:
255-273
Volltext / DOI:
doi:10.1016/j.irfa.2018.11.011
Verlag / Institution:
Elsevier BV
E-ISSN:
1057-5219
Publikationsdatum:
01.12.2018
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Ja
Technology:
Ja
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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