Detailed Information
Cited 0 time in 
Cited 0 time in 
Cited 0 time in
Metadata Downloads
Changes in dividend smoothing after the financial crisis
- Authors
- Rhee, KyungJae; Park, Kyung Suh
- Issue Date
- 11월-2018
- Publisher
- ELSEVIER SCIENCE SA
- Keywords
- Financial crisis; Dividend smoothing; Speed of adjustment; Dividend residual theory
- Citation
- ECONOMICS LETTERS, v.172, pp.37 - 39
- Indexed
- SSCI
SCOPUS
- Journal Title
- ECONOMICS LETTERS
- Volume
- 172
- Start Page
- 37
- End Page
- 39
- ISSN
- 0165-1765
- Abstract
- This study examines changes in dividend smoothing among Korean firms after the financial crisis in 2008, and analyzes the factors influencing those changes. We find that the speed of adjustment of firms after the crisis has increased above pre-crisis levels, indicating that firms focus more on investments and the appropriate level of cash facing increased corporate risk, while such tendency is stronger for small firms with higher investment levels. (C) 2018 Published by Elsevier B.V.
- Files in This Item
- There are no files associated with this item.
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.