THE CAUSALITY AMONG SOUTH KOREAN FIRMS EARNINGS, DIVIDEND POLICY, AND INVESTMENT DECISION

THE CAUSALITY AMONG SOUTH KOREAN FIRMS EARNINGS, DIVIDEND POLICY, AND INVESTMENT DECISION

This paper examines the causality among earnings, dividends and investment using the Granger-causality model. Using a sample of publicly traded South Korean manufacturing companies, we find that investments cause earnings. We also find that earnings cause dividends and investments cause dividends. T...

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Bibliographic Details
Main Authors: Yong Kim, Gunhee Lee, Jong Rhim, JunGyu Kang
Format: Article
Language:English
Published: People & Global Business Association (P&GBA) 2006-06-01
Series:Global Business and Finance Review
Subjects:
earnings
dividend policy
investment decision
granger-cauality model
Online Access:http://www.gbfrjournal.org/pds/journal/thesis/20150624112649-BQCN2.pdf

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