Exploring the causal effect of religious piety on dividend policy: evidence from historical religious identification
© 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group. Theory suggests that religious piety is associated with greater risk aversion and more conservative financial policies. Returns to shareholders through dividends are much more certain than returns through capital gains expec...
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Main Authors: | , , , |
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Format: | Article |
Published: |
2020
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Online Access: | https://repository.li.mahidol.ac.th/handle/123456789/50778 |
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Institution: | Mahidol University |