宗教信仰的地理变异及其股利政策的影响

IF 0.7 Q4 BUSINESS, FINANCE

Asian Academy of Management Journal of Accounting and Finance Pub Date : 2020-08-14 DOI:10.21315/aamjaf2020.16.1.6

Omar Farooq, Mukhammadfoik Bakhadirov, Neveen Ahmed

{"title":"宗教信仰的地理变异及其股利政策的影响","authors":"Omar Farooq, Mukhammadfoik Bakhadirov, Neveen Ahmed","doi":"10.21315/aamjaf2020.16.1.6","DOIUrl":null,"url":null,"abstract":"The main aim of this research is to document the relationship between geographical variations in the religiosity levels and the dividend policies adopted by firms. Using the data provided by the Gallup International, we test our arguments on the firms headquartered in different states of the United States. Our results show that firms headquartered in states with high level of religiosity have higher payout ratios than firms headquartered in states with low level of religiosity. These are results are robust across various proxies of religiosity and dividend policies (decision to pay dividend, decision to increase dividend, and dividend yield). We also show that value of dividend payouts is higher in states with high level of religiosity. We extend prior literature by also documenting the moderating role of religiosity for the value of dividend policy","PeriodicalId":44370,"journal":{"name":"Asian Academy of Management Journal of Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":0.7000,"publicationDate":"2020-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Geographic Variation in Religiosity and Its Impact of Dividend Policies\",\"authors\":\"Omar Farooq, Mukhammadfoik Bakhadirov, Neveen Ahmed\",\"doi\":\"10.21315/aamjaf2020.16.1.6\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The main aim of this research is to document the relationship between geographical variations in the religiosity levels and the dividend policies adopted by firms. Using the data provided by the Gallup International, we test our arguments on the firms headquartered in different states of the United States. Our results show that firms headquartered in states with high level of religiosity have higher payout ratios than firms headquartered in states with low level of religiosity. These are results are robust across various proxies of religiosity and dividend policies (decision to pay dividend, decision to increase dividend, and dividend yield). We also show that value of dividend payouts is higher in states with high level of religiosity. We extend prior literature by also documenting the moderating role of religiosity for the value of dividend policy\",\"PeriodicalId\":44370,\"journal\":{\"name\":\"Asian Academy of Management Journal of Accounting and Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.7000,\"publicationDate\":\"2020-08-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Asian Academy of Management Journal of Accounting and Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.21315/aamjaf2020.16.1.6\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Academy of Management Journal of Accounting and Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21315/aamjaf2020.16.1.6","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 3

摘要

本研究的主要目的是记录宗教程度的地理差异与公司采取的股息政策之间的关系。利用盖洛普国际提供的数据，我们在总部设在美国不同州的公司身上验证了我们的论点。我们的研究结果表明，总部设在宗教虔诚度高的州的公司比总部设在宗教虔诚度低的州的公司有更高的派息率。这些结果在宗教信仰和股息政策(支付股息的决定、增加股息的决定和股息收益率)的各种代理中都是稳健的。我们还表明，在宗教信仰程度高的州，股息支付的价值更高。我们扩展了先前的文献，也记录了宗教信仰对股利政策价值的调节作用

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Geographic Variation in Religiosity and Its Impact of Dividend Policies

The main aim of this research is to document the relationship between geographical variations in the religiosity levels and the dividend policies adopted by firms. Using the data provided by the Gallup International, we test our arguments on the firms headquartered in different states of the United States. Our results show that firms headquartered in states with high level of religiosity have higher payout ratios than firms headquartered in states with low level of religiosity. These are results are robust across various proxies of religiosity and dividend policies (decision to pay dividend, decision to increase dividend, and dividend yield). We also show that value of dividend payouts is higher in states with high level of religiosity. We extend prior literature by also documenting the moderating role of religiosity for the value of dividend policy

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Asian Academy of Management Journal of Accounting and Finance BUSINESS, FINANCE-

CiteScore

1.50

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： To provide a forum for the exchange of ideas and dissemination of empirical findings and analytical research in the specialized areas of accounting and finance with special emphasis on scholarly works with policy implications for countries in the Asia Pacific. The following are some of the topical subject areas relevant to the journal (but are not limited to): Accounting • Financial reporting and accounting standards • Auditing issues • Value based accounting and its relevance • Theory of accounting firm • Environmental auditing • Corporate governance issues • Public sector accounting Finance • Valuation of financial assets • International capital flows • Ownership and agency theory • Stock market behavior • Investment and portfolio management • Islamic banking and finance • Microstructures of financial markets