His findings were that the same factors affect both developed and developing countries and that the
Lintner model holds true for firms in Jordan also.
The empirical tests showed that the adjustment speed of the
Lintner model is faster than the stock of capital adjustment.
The test of
Lintner model reveals that the extent of dividend smoothing by firms in Hong Kong is significantly less than those in the U.
Myers, 2010, "A
Lintner Model of Dividends and Managerial Rents," NBER Working paper.
The influence of ownership structure on the firms dividend policy based
Lintner model, International Review of Business Research Papers 8(6): 71-88.
Garrett and Priestly (2000) worked on aggregate stock market data of US firms with extended Lintner model and claimed that target dividends are a function of permanent earnings and lagged prices.
He used ordered probit modelling technique, in addition to check speed of adjustment through Lintner model, to check flexibility of dividend policy to certain variables.
This study extends the descriptive dividend literature by employing a variant of the
Lintner model to investigate the association between dividend changes and the earnings and cash flow effects of LIFO adoption.
Accordingly, this paper considers the extent to which the
Lintner model characterizes the repatriation policies of multinational affiliates, paying particular attention to how foreign earnings translate into dividends.
298 Table 6
Lintner Model Estimations The estimation results are based on the 660 firm-year observations.
First, target dividends are related to permanent earnings rather than current earnings, as is done in the extensive literature on the
Lintner model (e.
The estimated coefficients of equation (1c) may be interpreted in terms of the
Lintner model as follows: The difference between unity and the absolute value of the coefficient of lagged dividends provides an estimate of the 'speed-of-adjustment' coefficient.
