Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 이은정 | - |
dc.date.accessioned | 2024-08-19T01:18:28Z | - |
dc.date.available | 2024-08-19T01:18:28Z | - |
dc.date.issued | 2022-08 | - |
dc.identifier.citation | 재무연구(Asian Review of Financial Research], v. 35, no 3, page. 145-216 | en_US |
dc.identifier.issn | 1229-0351 | en_US |
dc.identifier.issn | 2713-6531 | en_US |
dc.identifier.uri | https://www.earticle.net/Article/A416970 | en_US |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/191664 | - |
dc.description.abstract | This paper reviews the empirical evidence on payout policy in Korea over the last three decades. This study aims at providing the researcher with a comprehensive understanding of dividend policy by reviewing the theories and empirical evidence of dividend policy including tax-preference, information asymmetry and signaling hypothesis, agency costs and the free cash flow hypothesis, and catering theory of dividends. The theoretical and empirical research on dividends and stock repurchases has produced an extensive volume of literature. Despite decades of study, we have yet to understand completely the factors that influence dividend policy and how these factors interact. One of the reasons for the difficulty in resolving the dividend puzzle is that some researchers have strived to develop a universal, one-size-fits-all explanation, despite knowing that dividend policy is sensitive to factors like firm characteristics, market friction, corporate governance, and legal environments. Although not all of the pieces of the dividend puzzle may be in place, this paper features information that provides useful guidance for identifying the determinants of payout policy in the real world. | en_US |
dc.description.sponsorship | This paper was accomplished as a part of the 2020 knowledge database project by the Korean Finance Association(KFA), and financially supported by KFA and NH Investment & Securities Co.,Ltd. | en_US |
dc.language | en_US | en_US |
dc.publisher | 한국재무학회 | en_US |
dc.relation.ispartofseries | v. 35, no 3;145-216 | - |
dc.subject | Dividends | en_US |
dc.subject | Dividend policy | en_US |
dc.subject | Share repurchases | en_US |
dc.subject | Payout policy | en_US |
dc.subject | Korean stock markets | en_US |
dc.title | Payout Policy in Korea II: A Review of Empirical Evidence | en_US |
dc.type | Article | en_US |
dc.relation.no | 3 | - |
dc.relation.volume | 35 | - |
dc.identifier.doi | https://www.doi.org/10.37197/ARFR.2022.35.3.4 | en_US |
dc.relation.page | 145-216 | - |
dc.relation.journal | 재무연구 | - |
dc.contributor.googleauthor | Kim, Sungmin | - |
dc.contributor.googleauthor | Lee, Eun Jung | - |
dc.relation.code | 2022000614 | - |
dc.sector.campus | E | - |
dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
dc.sector.department | SCHOOL OF BUSINESS ADMINISTRATION | - |
dc.identifier.pid | ejunglee | - |
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