Many works have focused on whether intervention into autocratic states by democracies are successful (Peceny 1999; Bueno de Mesquita and Downs 2006; Enterline and Greig 2008). Such analyses have generally revealed that democratic change is not typically a result of such interventions, although in some...

This thesis investigates firms with patterns of repeated cash dividend increases to answer two research questions. First, are firms rewarded for this particular type of dividend policy, and second, is there any evidence to support the hypothesis that the stock market learns to anticipate a...

The authors report the findings of their study of over 400 stocks of public companies that announced at least 20 consecutive increases in their dividends during the period 1999 and 2009. With the assumption that the stock market learns to anticipate future dividend increases from current...

In a recent edition of this Journal, Bartholdy and Brown (1999) presented ananalysis of the ex-dividend share price behaviour of shares listed on the NewZealand Stock Exchange. The authors conclude that their results are consistentwith the tax clientele effect (driven by long-term investors) and...

This paper presents a Bayesian nonparametric approach to survival analysis based on arbitrarily right censored data. The first aim will be to show that the "neutral to the right"process is the natural prior to use in this context. Secondly, the properties of a particular neutral to the right...