The stylized facts that firms pay and investors react to dividends disregard dividend neutrality. Taking on the perspective that informational asymmetries are the central determinant for dividend value relevance, Christian Müller assumes that firm’s dividend decision conveys useful...

This paper considers aircraft in-flight delays and their costs in the São Paulo terminal maneuvering area, Brazil's busiest region for airborne operations. Different flow scenarios were constructed representing these operations based on simulations. Economic evaluation is based on average...