Corporate Governance and Dividend Reinvestment Plans: Insights from Imputation Tax in Australia

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dc.contributor.authorShamsabadi, Hussein Abedi
dc.contributor.authorTebourbi, Imen
dc.contributor.authorNourani, Mohammad
dc.contributor.authorMina, Byung S.
dc.date.accessioned2020-11-16T18:11:38Z
dc.date.available2020-11-16T18:11:38Z
dc.date.copyright© 2020
dc.date.issued2021-07
dc.descriptionThis article is licensed under Creative Commons License and full text is openly accessible in CUD Digital Repository. The version of the scholarly record of this article is published in Finance Research Letters (2021), accessible online through this link https://doi.org/10.1016/j.frl.2020.101810en_US
dc.description.abstractThis paper investigates the supply of Dividend Reinvestment Plans (DRPs) in relation to corporate governance and imputation tax system in Australia. Since DRPs are popular among large firms, we compiled the data of 300 largest companies listed on the Australian stock exchange (ASX300) during 2001-2013. Tobit regression method is used to estimate the models. Results indicate that good corporate governance leads to the higher supply of DRPs. We also found that franked dividend and heavily discounted DRPs weaken the positive association between governance and DRPs, illustrating the importance of institutional settings. Our findings imply that good corporate governance should consider a variety of clientele demands for dividend policy. © 2020en_US
dc.identifier.citationShamsabadi, H. A., Tebourbi, I., Nourani, M., & Min, B. S. (2021). Corporate Governance and Dividend Reinvestment Plans: Insights from Imputation Tax in Australia. Finance Research Letters. 41. https://doi.org/10.1016/j.frl.2020.101810en_US
dc.identifier.issn15446123
dc.identifier.urihttps://doi.org/10.1016/j.frl.2020.101810
dc.identifier.urihttp://hdl.handle.net/20.500.12519/271
dc.language.isoenen_US
dc.publisherElsevier Ltden_US
dc.relationAuthors Affiliations : Shamsabadi, H.A., Department of Business Strategy and Innovation, Griffith University, 170 Kessels Road QLD 4111, Australia; Tebourbi, I., Faculty of Management, Canadian University Dubai, P.O. Box 117781, 1st Interchange, Sheikh Zayed RoadDubai, United Arab Emirates; Nourani, M., School of Management, Universiti Sains Malaysia, Penang, 11800, Malaysia; Min, B.S., Department of Business Strategy and Innovation, Griffith University, 170 Kessels Road QLD 4111, Australia
dc.relation.ispartofseriesFinance Research Letters;
dc.relation.urihttps://s100.copyright.com/AppDispatchServlet?publisherName=ELS&contentID=S154461232031624X&orderBeanReset=true
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC-BY-NC-ND)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectAustraliaen_US
dc.subjectCorporate governanceen_US
dc.subjectDividend policyen_US
dc.subjectDividend reinvestment plansen_US
dc.subjectImputation taxen_US
dc.titleCorporate Governance and Dividend Reinvestment Plans: Insights from Imputation Tax in Australiaen_US
dc.typeArticleen_US
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