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R -Squared and Dividend Payout: Evidence from the Korean Market

Author

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  • Sang Koo Kang
  • Haksoon Kim

Abstract

The authors investigate R 2 and its relationship with dividend payouts in the Korean stock market. R 2 is derived from the market model regression. Their results are consistent with the previous literature on corporate governance and dividend payouts: they find that R 2 is higher for business group (chaebol) firms and that there is a negative relationship between R 2 and dividend payout. However, the relationship is not stronger for the business group firms than for the non-business group firms. The findings elucidate the relationship between R 2 and dividend payout policy in the United States.

Suggested Citation

  • Sang Koo Kang & Haksoon Kim, 2013. "R -Squared and Dividend Payout: Evidence from the Korean Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(S4), pages 104-118, September.
    • Handle: RePEc:mes:emfitr:v:49:y:2013:i:s4:p:104-118
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