Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《Journal of Anhui University(Philosophy & Social Sciences)》 2009-02
Add to Favorite Get Latest Update

An Empirical Study of the Relationship between Investment Opportunity Set and the Dividend Policy

ZHAO Hui-fang,SUN Ya-lin,PAN Li-sheng(School of Management,Hefei University of Technology,Hefei,Anhui 230009)  
The investment opportunity set(IOS) represents the enterprise value resulting from options made for future investments.This article uses investment opportunity set to measure enterprise growth and analyses the association between IOS and the dividend policy,including the payment level of cash dividends and that of stock dividends.The results show that the growth potential is well reflected by IOS and IOS is negatively correlated with cash dividends and positively correlated with stock dividend.
【Fund】: 安徽省会计学会2007~2008年度重点课题(KT02)
【CateGory Index】: F275
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved