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Capital Investment and Liquidity Management with collateralized debt.
Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014
This paper examines the dividend and investment policies of a cash constrained firm that has access to costly external … funding. We depart from the literature by allowing the firm to issue collateralized debt to increase its investment in …
Persistent link: https://www.econbiz.de/10011085470
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Capital investment and liquidity management with collateralized debt
Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - 2014
Persistent link: https://www.econbiz.de/10010437082
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Numerical approximation of a cash-constrained firm value with investment opportunities
Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - 2016
Persistent link: https://www.econbiz.de/10011498021
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Numerical approximation of a cash-constrained firm value with investment opportunities
Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - 2016
Persistent link: https://www.econbiz.de/10012216445
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Short-termism, shareholder payouts, and investment in the EU
Fried, Jesse M.; Wang, Charles C. Y. - 2020
investment and cash balances have increased. In sum, the data provide little basis for the view that short-termism in the EU …
Persistent link: https://www.econbiz.de/10012511344
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R&D Investments and Dividend Payout : Evidence concerning the Semi-Mandatory Dividend Policy in China
Yang, Bao - 2018
Since 2001, the China Securities Regulatory Commission has implemented a series of policies to ensure that dividend payments constitute a prerequisite of equity financing. This is known as the semi-mandatory dividend policy. Using a sample of Chinese listed firms from 2007 to 2015, we document...
Persistent link: https://www.econbiz.de/10012929313
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Investment and Dividends under Irreversibility and Financial Constraints
Holt, Richard - School of Economics, University of Edinburgh - 2004
Research finds that firms' investment and dividend policies are distorted by irreversibility and finance constraints … theoretical result concerns the separation of the investment and payout thresholds. The ordering of investment and distribution … the constraints drive these results. Important ramifications for empirical work on investment are discussed. …
Persistent link: https://www.econbiz.de/10005086768
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Agency conflict and corporate dividend policy decisions in Nigeria
Nwidobie, Barine Michael - 2013
Differences in management and shareholders priorities have been recognized and accepted to exist creating problems in the agency to which financial theorists opined that dividend payments is the best means of resolving the conflict. Results obtained using the multiple regression equation model...
Persistent link: https://www.econbiz.de/10009761092
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Dividend policy of public companies in Bosnia and Herzegovina
Dzidic, Ante - In: UTMS journal of economics / University of Tourism and … 5 (2014) 1, pp. 1-10
This paper provides insight in dividend policy of publicly listed companies in Bosnia and Herzegovina and investigates appearance of dividend smoothing behavior. The results show increase in portion of dividend paying companies over time while dividend smoothing phenomenon is virtually...
Persistent link: https://www.econbiz.de/10010438185
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Optimal firm's dividend and capital structure for mean reverting profitability
Menoncin, Francesco; Panteghini, Paolo; Regis, Luca - 2021
We model a risk-averse firm owner who wants to maximize the intertemporal expected utility of firm’s dividends. The optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA) of the _rm. According to the empirical evidence, we...
Persistent link: https://www.econbiz.de/10012668498