Managerial Finance


Accounting and Finance

Table Of Contents: Volume 18 Issue 1

Dividend Policy: The Issues

D.E. Allen, H.Y. Izan

The determinants of dividend policy are a continuing puzzle, as noted by Black (1976). In this paper we review the major issues in dividend policy and relate them to some…

Target Payout Ratios and Dividend Policy: British Evidence

D.E. Allen

This paper features a study of the dividend policies of the larger listed British companies. It focusses on the sample companies' usage of target payout ratios. A company…

The Interaction Effect of Earnings and Dividend Announcements on Share Price: Australian Evidence

J.C.Y. How, C.S. Teo, H.Y. Izan

Since Ball and Brown's (1968) seminal paper on the association between unexpected changes in earnings and share prices, there have been an abundance of empirical studies…

The Ex‐Dividend Day Behaviour of Australian Share Prices Pre and Post Imputation

Alex W. Clarke

The corporate dividend decision has been of interest to researchers in finance for many years. Early theoretical and empirical work such as Graham and Dodd [1951], Lintner…

Some features of Dividend Policy in Japan

D.E. Allen

This paper reviews the singular aspects of the dividend policies pursued by Japanese companies. The most notable feature of this is the customary practice of paying a…



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  • Professor Don Johnson