{"id":"https://openalex.org/W2169934594","doi":"https://doi.org/10.2139/ssrn.887643","title":"Why Do Firms Pay Dividends? International Evidence on the Determinants of Dividend Policy","display_name":"Why Do Firms Pay Dividends? International Evidence on the Determinants of Dividend Policy","publication_year":2006,"publication_date":"2006-01-01","ids":{"openalex":"https://openalex.org/W2169934594","doi":"https://doi.org/10.2139/ssrn.887643","mag":"2169934594"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.887643","doi":"https://doi.org/10.2139/ssrn.887643","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.887643","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.887643","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037775816","display_name":"Igor V. Osobov","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I87216513","display_name":"Michigan State University","ror":"https://ror.org/05hs6h993","country_code":"US","type":"education","lineage":["https://openalex.org/I87216513"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Igor V. Osobov","raw_affiliation_strings":["Michigan State University - Eli Broad College of Business"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Michigan State University - Eli Broad College of Business","institution_ids":["https://openalex.org/I87216513"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5059936951","display_name":"David J. Denis","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I170201317","display_name":"University of Pittsburgh","ror":"https://ror.org/01an3r305","country_code":"US","type":"education","lineage":["https://openalex.org/I170201317"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"David J. Denis","raw_affiliation_strings":["University of Pittsburgh, Katz Graduate School of Business, Pittsburgh, PA 15260, United States","University of Pittsburgh"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pittsburgh, Katz Graduate School of Business, Pittsburgh, PA 15260, United States","institution_ids":["https://openalex.org/I170201317"]},{"raw_affiliation_string":"University of Pittsburgh","institution_ids":["https://openalex.org/I170201317"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5037775816"],"corresponding_institution_ids":["https://openalex.org/I87216513"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":150,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9929999709129333},{"id":"https://openalex.org/keywords/determinants-of-dividends","display_name":"determinants of dividend payout","score":0.7649999856948853},{"id":"https://openalex.org/keywords/dividend-initiation","display_name":"dividend initiation","score":0.6190000176429749},{"id":"https://openalex.org/keywords/retained-earnings","display_name":"retained earnings","score":0.7820000052452087},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.7080000042915344},{"id":"https://openalex.org/keywords/firm-profitability","display_name":"firm profitability","score":0.8360000252723694},{"id":"https://openalex.org/keywords/signaling-theory","display_name":"signaling theory","score":0.7379999756813049},{"id":"https://openalex.org/keywords/catering-theory","display_name":"catering theory","score":0.7960000038146973},{"id":"https://openalex.org/keywords/agency-costs","display_name":"agency costs","score":0.8840000033378601},{"id":"https://openalex.org/keywords/cross-national-comparison","display_name":"cross-national comparison","score":0.75}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.8228610754013062},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.8019278049468994},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5382264852523804},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3516573905944824},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.34887516498565674},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.34158122539520264},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1268635094165802}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.887643","doi":"https://doi.org/10.2139/ssrn.887643","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.887643","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.887643","doi":"https://doi.org/10.2139/ssrn.887643","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.887643","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W1500731895","https://openalex.org/W1983888044","https://openalex.org/W1993161130","https://openalex.org/W2003907938","https://openalex.org/W2031596492","https://openalex.org/W2049440762","https://openalex.org/W2065601052","https://openalex.org/W2084695533","https://openalex.org/W2087466856","https://openalex.org/W2104795328","https://openalex.org/W2117731271","https://openalex.org/W2123343520","https://openalex.org/W2130727422","https://openalex.org/W2138729574","https://openalex.org/W2142856961","https://openalex.org/W2144470805","https://openalex.org/W2146299832","https://openalex.org/W2153610931","https://openalex.org/W2223768511","https://openalex.org/W2763199793","https://openalex.org/W2891389313","https://openalex.org/W3023906401","https://openalex.org/W3121131820","https://openalex.org/W3122295706","https://openalex.org/W3123052676","https://openalex.org/W3123321248","https://openalex.org/W3123906439","https://openalex.org/W3124032327","https://openalex.org/W3124364728","https://openalex.org/W3125919808","https://openalex.org/W4236919527"],"related_works":["https://openalex.org/W1564214641","https://openalex.org/W4241747622","https://openalex.org/W2275169847","https://openalex.org/W7047608006","https://openalex.org/W7096548706","https://openalex.org/W1524177865","https://openalex.org/W2183802838","https://openalex.org/W2091164404","https://openalex.org/W2884425674","https://openalex.org/W1762812875"],"abstract_inverted_index":null,"counts_by_year":[{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":5},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":9},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":17},{"year":2014,"cited_by_count":17},{"year":2013,"cited_by_count":18},{"year":2012,"cited_by_count":12}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}
