IDEAS home Printed from https://ideas.repec.org/h/spr/advchp/978-4-431-54792-1_5.html
   My bibliography  Save this book chapter

Does Comprehensive Income Influence Dividends? Empirical Evidence from Japan

In: International Perspectives on Accounting and Corporate Behavior

Author

Listed:
  • Kunio Ito

    (Hitotsubashi University)

  • Takuma Kochiyama

    (Hitotsubashi University)

Abstract

This study examines whether comprehensive income (CI) and other comprehensive income (OCI) influence dividends of Japanese companies. While CI is considered to be the new “bottom line” of income statements of companies, the impact on dividends has not been examined empirically. Lintner (1956. The American Economic Review, 46, 97–113) and subsequent studies predict that only earnings that are more persistent and less volatile are related to dividends. Contrary to this prediction, our findings suggest that both CI and OCI have positive coefficients with dividend changes. Moreover, we further find that negative OCI is more likely to result in lower dividends. We propose several explanations for our findings.

Suggested Citation

  • Kunio Ito & Takuma Kochiyama, 2014. "Does Comprehensive Income Influence Dividends? Empirical Evidence from Japan," Advances in Japanese Business and Economics, in: Kunio Ito & Makoto Nakano (ed.), International Perspectives on Accounting and Corporate Behavior, edition 127, pages 107-125, Springer.
  • Handle: RePEc:spr:advchp:978-4-431-54792-1_5
    DOI: 10.1007/978-4-431-54792-1_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. Suzuki, Tomohiro & Kochiyama, Takuma & 河内山, 拓磨, 2017. "Impact Of Fair Value Measurement On Corporate Investment: Other Comprehensive Income," Hitotsubashi Journal of commerce and management, Hitotsubashi University, vol. 51(1), pages 17-37, October.
    2. KOCHIYAMA, Takuma & 河内山, 拓磨 & SEKI, Koreyoshi, 2017. "Discretion in the Deferred Tax Valuation Allowance and Its Impact on Firms' Dividend Payouts," Working Paper Series 209, Management Innovation Research Center, School of Business Administration, Hitotsubashi University Business School.

    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:spr:advchp:978-4-431-54792-1_5. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.