The aim of this study is to analyse the impact of dilution and dividends on the goodness of fit of warrant pricing valuation models, to the Portuguese warrants market. In order to avoid modelling bias over the research design, and to test dividend and dilution effects we decided to keep this...

Taiwan's regulation used to treat employee bonuses as one of after-tax-earnings distributing items. In response to the anti-dumping charges launched by American manufacturers against Taiwanese SRAM firms, Taiwan Securities and Futures Commission issues a new directive on January 30, 2003 which...

Compensation contracts including incentive instruments not only provide executives with positive incentives to increase shareholder wealth, but also create a negative value-dilution effect for existing shareholders. This study investigates this dilemma by conducting a benefit-cost analysis under...

Interest in employing gaseous fuels to internal combustion (IC) engines whether for stationary or mobile automotive applications has gained importance because of the economical, sustainable and environmental technical features associated with their usage. However, the incidence of preignition...

This paper investigates how family size affects children’s human capital, comparing Italy and France. We tested the dilution effect in these countries, starting with the assumption that the higher the number of siblings, the fewer parental resources are available for each child, and the...

Integrated assessment frameworks which can account comprehensively for the benefits related to water quality improvements have not yet been established. The main challenge is to link economic valuation with hydrological data in an appropriate way. We here explore the so-called 'impact pathway...

The aim of this paper is to examine the Po river quality in a small stretch between two stations in Piedmont in the north of Italy. In this stretch a large pollution load is introduced and diluted in the fluent water of the river. The load has been quantified and about it we performed mass...