Dividend policy issues in the european pharmaceutical industry: new empirical evidence

HIGHLIGHTS

  • who: Tobias Basse from the Norddeutsche Landesbank (NORD/LB), Friedrichswall, Hannover, Germany have published the paper: Dividend policy issues in the European pharmaceutical industry: new empirical evidence, in the Journal: (JOURNAL)
  • what: In fact, this approach has become quite popular recently (see, for example, ). As already noted, this paper examines data from the European pharmaceutical industry. Both the approach suggested by Toda and Yamamoto and the technique developed by Johansen that are used here to test for Granger causality (respectively, Granger noncausality) are able to cope with the possibility that there are dynamic interrelationships and . . .

     

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