Speed of Adjustment in Dividend Payout Decisions: A Comparative Analysis of Developed and Developing Countries

This study examines the phenomenon of dividend smoothing, which is a policy of setting higher or lower dividend values than aligns with the levels of a company’s earnings. Herein we specifically examine the speed of adjustment as a measure for the presence of dividend smoothing, and investigate how...

Full description

Bibliographic Details
Main Authors: Nicos Koussis, Vladislav Ruzinskii
Format: Article
Published: National Research University Higher School of Economics 2019-06-01
Series:Корпоративные финансы
Online Access:https://cfjournal.hse.ru/article/view/10072/10964