Stock liquidity and dividend payouts: Evidence from Thailand
Post by MSF Chula at Sunday, 10 January 2021 05:43 PM

This paper aims to reexamine the liquidity hypothesis of dividend and the characteristics of firm that likely to pay dividend, using a sample of listed firms in Thailand during period 2007 to 2017. The result indicate that liquidity hypothesis still exist in Thailand. The result still robust after I control for endogeneity concerns, related to omit variables by using fixed effects regression. Moreover, I also test whether there is an informational effect in Thailand. I find strongly evidence which support that there is no informational effect between stock liquidity and dividend payouts in Thailand.

Last updated at Sunday, 10 January 2021 05:43 PM