Latinamerican Dividends: do they fit in any theory?

We test different predictions of the pecking order and trade-of theories for the dividends of a sample of Latin-American firms in seven countries covering the years 1999 to 2005. Most of the theoretical predictions are confirmed by the data; our tests also report a high speed of adjustment in the di...

Full description

Autores:
Arcos Mora, Mauricio Alejandro
Berggrun Preciado, Luis
Benavides Franco, Julián
Tipo de recurso:
Work document
Fecha de publicación:
2007
Institución:
Universidad ICESI
Repositorio:
Repositorio ICESI
Idioma:
eng
OAI Identifier:
oai:repository.icesi.edu.co:10906/65243
Acceso en línea:
http://hdl.handle.net/10906/65243
Palabra clave:
Dividends
Pecking order theory
Trade-Off theory
Dividend Payout
Dividendos
Empresas
América Latina
Rights
openAccess
License
https://creativecommons.org/licenses/by-nc-nd/4.0/