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Bechman, Ken L.; Raaballe, Johannes - Copenhagen Business School - 2006

Firms pay out cash using both dividends and share repurchases. In many aspects these two means are similar, but one important difference is that dividends are generally taxed more heavily than share repurchases. Nevertheless firms persist in paying out large amounts in dividends. This paper...

Persistent link: https://www.econbiz.de/10005644719

The Differences Between Stock Splits and Stock Dividends

Bechmann, Ken L.; Raaballe, Johannes - Copenhagen Business School - 2004

It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market....

Persistent link: https://www.econbiz.de/10005419258

Managing Risk and Synergies R&D-Collaborations

Mahnke, Volker; Overby, Mikkel Lucas - Copenhagen Business School - 2006

known on how to systematically manage several R&D collaborations simultaneously. We use modern portfolio theory as an …

Persistent link: https://www.econbiz.de/10005419652

Portfolio Choice under Inflation: Are Popular Recommendations Consistent with Rational Behavior?

Munk, Claus; Sørensen, Carsten; Vinther, Tina Nygaard - Copenhagen Business School - 2001

hedge <p> long run real interest rate risk using the available securities. The optimal invest- <p> ment strategy is … ratio for more conservative (less risk tolerant) investors (Canner, Mankiw and <p> Weil, 1997). The model for asset price … dynamics is calibrated to US market data <p> and, furthermore, risk aversion parameters and time horizons are calibrated so as …

Persistent link: https://www.econbiz.de/10005644705