Site Accessibility Statement
Wilfrid Laurier University Leaf
October 25, 2016
Canadian Excellence

Tao Zeng


email: Tao Zeng
phone: 519.884.0710
ext: 2562



Tao Zeng

What determines dividend policy: A comprehensive test (ABSTRACT)

Zeng, T.

published: 2003 | Research publication | Refereed Journals - Accounting

Zeng, T. (2003). "What determines dividend policy: A comprehensive test". The Journal of American Academy of Business,  2 (2), 3045-309.

ABSTRACT:  This paper designs an empirical work to investigate the determinants of corporate dividend policy under the Canadian situation. It shows   that firms pay dividend as a signal and to reduce agency costs. It also shows that liquidity and tax clientele effect are related to dividend policy.

Download the article at:

revised Jan 17/05

View all Tao Zeng documents