IDEAS home Printed from https://ideas.repec.org/a/bla/pacecr/v12y2007i5p631-650.html
   My bibliography  Save this article

Payout Policy Of Japanese Firms: Analysis On The Survey Of Four Industries Listed On The Tokyo Stock Exchange

Author

Listed:
  • Mitsuru Mizuno

Abstract

. This study reports the results of a 2007 survey of corporate managers’ views on payout policy on Japanese firms listed on the Tokyo Stock Exchange from four industries. The findings show that firms attach more importance to stable dividends than to performance linked dividends and they believe that dividends should be paid after investment spending and strengthening of the balance sheet are met. The reasons for an increase in dividends in recent years is due to consideration of fair returns to shareholders and of preventing hostile takeovers. This is a change from the traditional view on payout policy.

Suggested Citation

  • Mitsuru Mizuno, 2007. "Payout Policy Of Japanese Firms: Analysis On The Survey Of Four Industries Listed On The Tokyo Stock Exchange," Pacific Economic Review, Wiley Blackwell, vol. 12(5), pages 631-650, December.
    • Handle: RePEc:bla:pacecr:v:12:y:2007:i:5:p:631-650
    DOI: 10.1111/j.1468-0106.2007.00376.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-0106.2007.00376.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-0106.2007.00376.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

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


    Cited by:

    1. Nabaraj Adhikari Ph.D., 2014. "Managers’ Views on Dividend Policy of Nepalese Enterprises," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 26(1), pages 90-120, April.
    2. Olarewaju Odunayo Magret & Migiro Stephen Oseko & Sibanda Mabutho, 2018. "Dividend Payout, Retention Policy and Financial Performance in Commercial Banks: Any Causal Relationship?," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(1), pages 37-62, April.
    3. Avkiran, Necmi K. & Goto, Mika, 2011. "A tool for scrutinizing bank bailouts based on multi-period peer benchmarking," Pacific-Basin Finance Journal, Elsevier, vol. 19(5), pages 447-469, November.
    4. Mohammad Shahidul Islam & ATM Adnan, 2018. "Factors Influencing Dividend Policy in Bangladesh: Survey Evidence from Listed Manufacturing Companies in Dhaka Stock Exchange," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 4(2), pages 156-173.

    More about this item

    Statistics

    Access and download statistics

    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:bla:pacecr:v:12:y:2007:i:5:p:631-650. 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1361-374X .

    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.