Research on Non-Dividend Behavior of Listed Companies
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Keywords

Industry heterogeneity
Industry life cycle

DOI

10.26689/pbes.v4i3.2186

Submitted : 2021-05-31
Accepted : 2021-06-15
Published : 2021-06-30

Abstract

The dividends of listed companies are related to external factors such as the macroeconomic situation and the industry level of these companies. They may also be related to internal factors such as the company’s financial status, equity structure, and their development cycle. This article analyzes the non-dividend listed companies in terms of the external and internal factors; focusing on industries with more non-dividend listed companies.

References

Hu J, Liang F, Ji C, 2019, Non-dividend payout behavior of companies: research on the effect of large shareholders’ “Voting with Their Feet”. Emerging Markets Finance and Trade, 55(15): 3667-3681.

Geoffrey FC, Pavel JN, Emre U, 2021, The effect of unsuccessful past repurchases on future repurchasing decisions. Management Science.

Kathuo SM, Oluoch O, Njeru A, 2020, Influence of financial performance and financial leverage on dividend payout. International Journal of Accounting, Finance and Risk Management, 5(3).