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Published in 2019 at "Applied Economics Letters"
DOI: 10.1080/13504851.2019.1613489
Abstract: ABSTRACT It is well documented in the finance literature how share prices go up when companies increase dividend payouts. The long-term trend, however, is that more companies now retain excess cash rather than paying dividends.…
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Keywords:
non financial;
trading non;
financial companies;
companies retain ... See more keywords