Year: 2015
Type: article
Abstract: I investigate the determinants of dividend payments for Australian Multinational Corporations (MCs) and Domestic Corporations (DCs). Six measures of dividend payout ratios are investigated, and five international factors are employed in addition to traditional factors. I find: MCs pay significantly less regular cash, special cash, total dividends and net dividends relative to DCs; the degree of foreign involvement is important in determining special cash and net dividend payments; MCs are more active than DCs in dividend increasing activities; and MCs are significantly less likely to be a dividend payer relative to DCs due to tax disadvantages coupled with unfavourable foreign risk exposures.
Source: Accounting and Finance
DOI: 10.1111/acfi.12137
Author: Shumi Akhtar
Institution: The University of Sydney
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: bronze
Funder: Division of Arctic Sciences
OpenAlex ID: W1839905538