BIBLIOMETRIC ANALYSIS OF DIVIDEND POLICY RESEARCH
DOI:
https://doi.org/10.15665/dem.v17i2.1756Keywords:
Bibliometrics, dividend policy, Web of Science, H-indexAbstract
Bibliometrics focuses mainly on the scientific literature analysis in a quantitative way, both in production and consumption, as it can be used as a source of detailed and systematized information of the scientific production in a discipline. The objective of this article is to use bibliometric indicators to provide a scientific production analysis about dividend policy focusing on key aspects in its analysis: scientific journals, articles, institutions, authors and the most influential countries. The sample covers the period from 1975 to 2016.
References
Ainsworth, A., Fong, K. Y., Gallagher, D. R., y Partington, G. (2016). Institutional trading around the ex-dividend day. Australian Journal of Management. Vol. 41(2), Pp. 299-323. https://doi.org/10.1177/ 0312896214539967.
Alonso, S., Cabrerizo, F. J., Herrera-Viedma, E., y Herrera, F. (2009). H-Index: A review focused in its variants, computation and standardization for different scientific fields. Journal of Informetrics. Vol. 3(4), Pp. 273-289. https://doi.org/10.1016/j.joi.2009.04.001.
Adjaoud, F., & Ben‐Amar, W. (2010). Corporate governance and dividend policy: shareholders’ protection or expropriation?. Journal of business finance & accounting, 37(5‐6), 648-667. https://doi.org/10.1111/j.1468-5957.2010.02192.x
Amat, C. B., & Yegros, A. Y. (2011). Los datos bibliométricos extraídos de registros de PubMed no son fiables. Anuario ThinkEPI, (1), 223-229.
Armstrong, V. S., y Hoffmeister, J. R. (2012). Multiple clientele influence on ex-dividend day price performance. Journal of Business Research. Vol. 65(9), Pp. 1235-1242. https://doi.org/10.1016/j.jbusres.2011.11.005.
Azhagaiah, R., & Priya, S. N. (2008). The impact of dividend policy on shareholders’ wealth. International Research Journal of Finance and Economics, 20(1), 180-7.
Barclay, M. J. (1987). Dividends, taxes, and common stock prices: The ex-dividend day behavior of common stock prices before the income tax. Journal of Financial Economics. Vol. 19(1), Pp. 31-44. https://doi.org/10.1016/0304-405X(87)90027-4.
Bordons M, Zuleta MA. Evaluación de la actividad científica a través de indicadores bibliométricos. Rev Esp Cardiol 1999; 52: 790-800.
Cañedo Andalia, Rubén. (1999). Los análisis de citas en la evaluación de los trabajos científicos y las publicaciones seriadas. ACIMED, 7(1), 30-39.
Dávila Rodríguez, M., Guzmán Sáenz, R., Macareno Arroyo, H., Piñeres Herera, D., de la Rosa Barranco, D., & Caballero-Uribe, C. V. (2009). Bibliometrics: concepts and utility to study and medical training. Revista Salud Uninorte, 25(2), 319-330.
Eades, K. M., Hess, P. J., y Kim, E. H. (1984). On interpreting security returns during the ex-dividend period. Journal of Financial Economics. Vol. 13(1), Pp.3-34. https://doi.org/10.1016/0304-405X(84)90030-8.
Easterbrook, F. (1984). Two agency cost explanations of dividends, American Economic Review 74, Pp. 650-659.
Efthymiou, V. A., y Leledakis, G. N. (2014). The price impact of the disposition effect on the ex-dividend day of NYSE and AMEX common stocks. Quantitative Finance. Vol. 14(4), Pp. 711-724.
https://doi.org/10.1080/14697688.2014.891759.
Elton, E. J., y Gruber, M. J. (1970). Marginal stockholder tax rates and the clientele effect. The Review of Economics and Statistics, Pp. 68-74. http://doi.org/10.2307/1927599.
Escorcia-Otálora, T. A., & Poutou-Piñales, R. A. (2008). Análisis bibliométrico de los artículos originales publicados en la revista Universitas Scientiarum (1987-2007). Universitas Scientiarum, 13(3), 236-244.
Farrukh, K., Irshad, S., Khakwani, M. S., Ishaque, S., y Ansari, N. (2017). Impact of dividend policy on shareholders wealth and firm performance in Pakistan. Cogent Business & Management, Vol. 4(1), 1408208. https://doi.org/10.1080/23311975.2017.1408208.
Gauthier, É. (1998). Bibliometric analysis of scientific and technological research: a user's guide to the methodology. Canada: Science and Technology Redesign Project, Statistics Canada.
Granda-Orive, J. I., Alonso-Arroyo, A., García-Río, F., Solano-Reina, S., Jiménez-Ruiz, C. A., & Aleixandre-Benavent, R. (2013). Ciertas ventajas de Scopus sobre Web of Science en un análisis bibliométrico sobre tabaquismo. Revista española de documentación científica, 36(2), 011.
Grinblatt, M. S., Masulis, R. W., y Titman, S. (1984). The valuation effects of stock splits and stock dividends. Journal of financial economics. Vol. 13(4), Pp. 461-490. https://doi.org/10.1016/0304-405X(84)90011-4.
Hansen, R. S., Kumar, R. y D. K. Shome (1994). Dividend policy and corporate monitoring: evidence from the regulated electric utility industry, Financial Management. Vol. 23, Pp. 16-22. https://doi.org/10.2307/3666052.
Henry, T. R., & Koski, J. L. (2017). Ex‐Dividend Profitability and Institutional Trading Skill. The Journal of Finance, 72(1), 461-494.
He, L. J., Chiang, H. T., Cheng, Y. C., & Hong, H. Y. (2018). The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies. Investment Management and Financial Innovations, 13(1), 8-23.
Kalay, A. (1982). The ex-dividend day behavior of stock prices: a re-examination of the clientele effect. The Journal of Finance. Vol. 37(4), Pp.1059-1070. https://doi.org/10.1111/j.1540-6261.1982.tb03598.x.
Kapoor, S. (2010). Impact of dividend policy on shareholders' value: a study of Indian firms.
Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings, and taxes. The American Economic Review. Vol. 46(2), Pp. 97-113.
Liu, J. C., Yeats, M., y Chang, J. L. (2016). The puzzle of 16 days between the ex-dividend and payment dates. Finance Research Letters. Vol 17, Pp. 251-256. https://doi.org/10.1016/j.frl.2016.03.021.
Mansi; William F. Maxwell, J. H. S. A. (2008). Corporate governance and firm cash holdings in the US. Journal of Financial Economics, (3).
Maquieira, C., & Niño, J. (1994). El beneficio tributario debido al endeudamiento en empresas chilenas. Estudios de Administración, 1(2), 31-42.
Martínez Abad, F., Rodríguez Conde, M. J., & García Peñalvo, F. J. (2014). Evaluación del impacto del término" MOOC" vs" eLearning" en la literatura científica y de divulgación.
Merigó, J. M., Gil-Lafuente, A. M., y Yager, R. R. (2015). An overview of fuzzy research with bibliometric indicators. Applied Soft Computing. Vol 27, Pp. 420-433. https://doi.org/10.1016/j.asoc.2014.10.035.
Merigó, J. M., Mas-Tur, A., Roig-Tierno, N., y Ribeiro-Soriano, D. (2015). A bibliometric overview of the Journal of Business Research between 1973 and 2014. Journal of Business Research. Vol. 68(12), Pp. 2645-2653.
Miguel, S., & Dimitri, P. J. (2013). La investigación en bibliometría en la Argentina: quiénes son y qué producen los autores argentinos que realizan estudios bibliométricos. Información, cultura y sociedad, (29), 117-138.
Mitton, T. (2004). Corporate governance and dividend policy in emerging markets. Emerging Markets Review, 5(4), 409-426.
Miller, M. H., y Modigliani, F. (1961). Dividend policy, growth, and the valuation of shares. Journal of Business, Vol. 34, Pp. 411–433. https://doi.org 10.1086/jb.1961.34.issue-4.
Montero-Díaz, J., Cobo, M. J., Gutiérrez-Salcedo, M., Segado-Boj, F., & Herrera-Viedma, E. (2018). Mapeo científico de la Categoría «Comunicación» en WoS (1980-2013).
Morales, Á., Ortega, E., Conesa, E., & Ruiz-Esteban, C. (2018). Análisis bibliométrico de la producción científica en Educación Musical en España.
Moreno, M., & Rosselli, D. (2011). Análisis bibliométrico de la literatura económica en oncología. MedUNAB, 14(3), 160-166.
Moyer, R. C., Rao, R. P. y N. Tripathy (1992). Dividend policy and regulatory risk: a test of the Smith hypothesis, Journal of Economics and Business. Vol. 44, Pp. 127-134.
Palazón, M. A., Ortega, E., & García-Angulo, A. (2015). Análisis bibliométrico de la producción científica en el fútbol sala. SPORT TK-Revista EuroAmericana de Ciencias del Deporte, 4(2), 19-24.
Palenzuela, V. A., & de la Fuente Herrero, G. (2008). La huella indeleble de Modigliani y Miller: MM (1958-2008). Boletín de estudios económicos, 63(194), 373.
Perianes-Rodriguez, A., Waltman, L., y Van Eck, N.J. (2016). Constructing bibliometric networks: A comparison between full and fractional counting. Journal of Informetrics, 10(4), 1178-1195.
Pritchard, A. (1969). Statistical bibliography or bibliometrics. Journal of documentation, 25(4), 348-349.
Sanz-Valero, J., & Wanden-Berghe, C. (2017). Análisis bibliométrico de la producción científica, indizada en MEDLINE, sobre los servicios de salud proporcionados por las unidades de hospitalización a domicilio.
Sebastián, J. (2007). Conocimiento, cooperación y desarrollo. Revista iberoamericana de ciencia tecnología y sociedad, 3(8), 195-208.
Smith, C. W. (1986): Investment banking and the capital acquisition process, Journal of Financial Economics Vol. 15, Pp. 3-29. https://doi.org/10.1016/0304-405X(86)90048-6.
Stone, W. S., & Tudor, T. R. (2005). The effects of functional background experience, industry experience, generic executive management experience on perceived environmental uncertainty and firm performance. Journal of Competitiveness Studies, 13(1), 1.
Tabares, J. H., Jaramillo, J. C., Arias, M. B., & Arias, A. V. (2017). Tendencias en la investigación sobre gestión del riesgo empresarial: un análisis bibliométrico. Revista Venezolana de Gerencia, 22(79), 506-524.
Toro-Jaramillo, I. D. (2017). La bibliometría y las publicaciones en Teología. Cuestiones Teológicas, 44(102), 229-239.
Van Eck, N.J., y Waltman, L. (2014). Visualizing bibliometric networks. In Y. Ding, R. Rousseau, & D. Wolfram (Eds.), Measuring scholarly impact: Methods and practice, Pp. 285-320 Springer. http://dx.doi.org/10.1007/978-3-319-10377-8_13.
White, H. D., & McCain, K. W. (1998). Visualizing a discipline: An author co‐citation analysis of information science, 1972–1995. Journal of the American society for information science, 49(4), 327-355.
Whitworth, J., & Rao, R. P. (2010). Do Tax Law Changes Influence Ex‐Dividend Stock Price Behavior? Evidence from 1926 to 2005. Financial Management, 39(1), 419-445.
Published
Versions
- 2020-08-16 (4)
- 2020-08-15 (3)
- 2020-08-15 (2)
- 2019-03-01 (1)
How to Cite
Issue
Section
License
Copyright (c) 2019 Cristian Millán-Toledo
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Instructions for filling in the Certification of Originality and the Copyright Transfer:
Keep in mind that by pressing the "save and continue" button at the end, you are assuming all the ethical and legal commitments set forth herein. They establish the responsibilities of the legislation on intellectual property rights. For this it is assumed that whoever is carrying out the action of presenting the written work in good faith and represents himself and the other authors of the postulated article.
In this sense, the authors retain all the rights of which they are owners and authorize the free reproduction of the document sent. In the event of being necessary, they will assume, by pressing the "save and continue" button, the legal responsibility derived from the patrimonial rights which are free because of the non-payment by any procedure of the Journal.
Consequently, the author (s) represented by the person who advances the postulation of the article for evaluation and eventual publication,
I (We) declare:
1. I am (we are) the author (s) of the article {here is the name of the article placed automatically}.
2. This is an original work in accordance with the intellectual property law of Colombian copyright.
3. The content of the article of the reference has not been published and that it will not be submitted to any other means of publication in written or electronic support before knowing the decision of the Editorial Committee of Dimensión Empresarial.
4. The signer of this certification guarantees that the commitment acquired here does not infringe any third-party rights.
5. The publication authorization includes its electronic file and its adaptation, if necessary, for its incorporation in the network or in any electronic format or database, as well as attaching the necessary metadata to register the work, trademarks of water or any other security or protection system.
6. The publication authorization includes reproduction on digital media. As well as its distribution and making available through institutional archives through the Internet, distribute copies, and exhibit it in Colombia and outside the country, as well as include the article in national and international indexes.
7. The author assumes all responsibility, including compensation for damages, that could be exercised against the Universidad Autónoma del Caribe by third parties who violated their rights and interests because of the assignment.
For its part, Dimension Empresarial undertakes to respect in any case the rights of the author contained in Article 30 of Law 23 of 1982, or any after it and will make the article available to the users of the Journal so that make a legitimate use of it, as permitted by the applicable legislation, provided that its authorship is cited, commercial benefit is not obtained, and derivative works are not made.
The authors agree to accept the conditions of this intellectual property note, which will be applied to this submission when it is published in this journal.
