A variable impact neural network analysis of dividend policies and share prices of transportation and related companies
dc.contributor.author | Olugbode, MO | |
dc.contributor.author | Abdou, HA | |
dc.contributor.author | Pointon, J | |
dc.contributor.author | El-Masry, A | |
dc.contributor.author | Lister, RJ | |
dc.date.accessioned | 2017-02-06T20:17:25Z | |
dc.date.available | 2017-02-06T20:17:25Z | |
dc.date.issued | 2012-10-01 | |
dc.identifier.issn | 1042-4431 | |
dc.identifier.uri | http://hdl.handle.net/10026.1/8367 | |
dc.description.abstract |
The purpose of this research is to investigate dividend policy, including its impact on share prices of transportation providers and related service companies, by comparing generalized regression neural networks with conventional regressions. Our results using regressions reveal that for Europe and for the US and Canada the market-to-book-value, as a surrogate for growth opportunities, fulfils expectations of pressures on dividends leading to a negative association with dividend yields in accordance with the pecking order theory. Neural network analysis indicates a clear role for growth opportunities for the US and Canada pointing to an underlying confidence on the part of transportation companies in their own internal policies. Finally, risk is rewarded especially in Europe. | |
dc.format.extent | 796-813 | |
dc.language | en | |
dc.language.iso | en | |
dc.publisher | Elsevier BV | |
dc.subject | Dividend yield | |
dc.subject | Retention | |
dc.subject | Market-to-book value | |
dc.subject | Neural networks | |
dc.subject | Transportation | |
dc.title | A variable impact neural network analysis of dividend policies and share prices of transportation and related companies | |
dc.type | journal-article | |
dc.type | Article | |
plymouth.author-url | https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000314903000009&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=11bb513d99f797142bcfeffcc58ea008 | |
plymouth.issue | 4 | |
plymouth.volume | 22 | |
plymouth.publication-status | Published | |
plymouth.journal | Journal of International Financial Markets, Institutions & Money | |
dc.identifier.doi | 10.1016/j.intfin.2012.04.008 | |
plymouth.organisational-group | /Plymouth | |
plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business | |
plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business/Plymouth Business School | |
plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA | |
plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA/UoA17 Business and Management Studies | |
plymouth.organisational-group | /Plymouth/Users by role | |
plymouth.organisational-group | /Plymouth/Users by role/Academics | |
dcterms.dateAccepted | 2012-01-01 | |
dc.rights.embargoperiod | Not known | |
rioxxterms.versionofrecord | 10.1016/j.intfin.2012.04.008 | |
rioxxterms.licenseref.uri | http://www.rioxx.net/licenses/all-rights-reserved | |
rioxxterms.type | Journal Article/Review |