This paper discusses the relationship between organizational capital, dividends and firm value.  It concludes that dividend payouts from firms with substantial organization capital are valued at a premium.  The paper adds to the literature by examining the relationship between organization capital and dividends in an international context.  It introduces unique evidence that the positive association between organization capital and dividends is not limited to the United States but extends globally.  

Note: Full-text of this paper can be obtained by clicking on the above title.