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Wilfrid Laurier University Leaf
November 27, 2015

Canadian Excellence

Tao Zeng


email: Tao Zeng
phone: 519.884.0710
ext: 2562


Tao Zeng

What determines dividend policy: A comprehensive test (ABSTRACT)

Zeng, T.

published: 2003 | Research publication | Refereed Journals - Accounting

Zeng, T. (2003). "What determines dividend policy: A comprehensive test". TheJournal of American Academy of Business, 2 (2), 3045-309.

ABSTRACT: This paper designs an empirical work to investigate the determinants of corporate dividend policy under the Canadian situation. It shows that firms pay dividend as a signal and to reduce agency costs. It also shows that liquidity and tax clientele effect are related to dividendpolicy.

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revised Jan 17/05

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