Jr, Victor A. Puleo; Smith, Frank S.; Casey, K. Michael - In: Managerial Finance 35 (2009) May, pp. 493-500
Purpose – The purpose of this paper is to explore the relationship between good corporate governance and dividend payment in the regulated insurance industry. Design/methodology/approach – A modification of Rozeff's transaction cost/agency cost trade-off model was estimated on a sample of 55...