IDEAS home Printed from https://ideas.repec.org/a/ids/ijcgov/v1y2008i1p49-72.html
   My bibliography  Save this article

The impact of a cross-listing on dividend policy

Author

Listed:
  • Wissam Abdallah
  • Marc Goergen

Abstract

This paper conducts a test of La Porta et al.'s (2000) outcome hypothesis on a sample of firms from 18 countries cross-listing on 19 foreign stock markets. La Porta et al.'s outcome hypothesis states that firms that are listed on a stock exchange with better investor rights pay higher dividends given that shareholders are able to make them disgorge more of their cash. Therefore, one expects firms that cross list on a market with better shareholder protection to increase their dividend payout after they cross-list. The results from the univariate and multivariate cluster analyses provide support for the outcome hypothesis. In particular, there is strong support for the hypothesis if the dividend payout ratio is measured by dividends over sales.

Suggested Citation

  • Wissam Abdallah & Marc Goergen, 2008. "The impact of a cross-listing on dividend policy," International Journal of Corporate Governance, Inderscience Enterprises Ltd, vol. 1(1), pages 49-72.
    • Handle: RePEc:ids:ijcgov:v:1:y:2008:i:1:p:49-72
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=17650
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zijian Cheng & Charles P. Cullinan & Zhangxin (Frank) Liu & Junrui Zhang, 2021. "Cross‐listings and dividend size and stability: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(1), pages 415-465, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijcgov:v:1:y:2008:i:1:p:49-72. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=260 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.