Showing 1 - 10 of 111
The aim of this paper is to analyse the influence of a company's level of earnings and growth opportunities in … Bursa Malaysia Index over a period of six years, from 1990 to 1996. The evidence suggests that the payers are more … significant determinant for firm's dividend policy choice in Malaysia. This is consistent with the supposition that profitable …
Persistent link: https://www.econbiz.de/10009484059
, such as price earnings ratio (PER) and cash dividends. The formulation of problem is how the effect of Price Earning Ratio … in shares of a company aims to earn revenue namely dividends. Many factors affect the stock price on the stock exchange … Indonesia Stock Exchange.Using the investment management theory related to stock price, price earnings ratio and dividend. This …
Persistent link: https://www.econbiz.de/10009464527
This paper tests the hypothesis that the negative relationship between investment opportunity set (IOS) and debt is moderated by board monitoring and director equity ownership. According to contracting theory, firms with high growth opportunities (high IOS) are associated with lower levels of...
Persistent link: https://www.econbiz.de/10009438138
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share gain against the option to wait until more...
Persistent link: https://www.econbiz.de/10009460051
This study investigated whether the way in which dividends are taxed in SouthAfrica, with the introduction of Secondary … Tax on Companies (STC) in 1993,together with the extensive piece of legislation which incorporates dividends, hasa … negative impact on the total amount of dividends paid by companies listed onthe Johannesburg Stock Exchange for the period from …
Persistent link: https://www.econbiz.de/10009442252
-basedexplanations. Results suggest that dividends are less explanatory as to future earnings inthe post-JGTRRA period. Post-JGTRRA dividend … compensation, effectively reimbursing CEOs for decreases in optionvalue. Firms that did not increase dividends in the first year … between contemporary dividend increases andfuture earnings around JGTRRA. Specifically, I investigate whether firms …
Persistent link: https://www.econbiz.de/10009465065
the firm decides on the form of the payout: dividends, share repurchases or both. Payout is determined by free cash flow …. The choice for dividends and repurchases depends on behavioral and tax preferences. Furthermore, the payout is less likely … to be dividends if the company has executive stock option plans. Finally, we find evidence for the Brennan and Thakor …
Persistent link: https://www.econbiz.de/10009465924
This study is an empirical examination of a new theory that links dividends to institutional ownership in a framework …, dividends are paid out to attract tax-favored institutional investors, thereby signaling good firm quality and/or more efficient … testing various aspects of the relationship between dividends and institutional holdings. Unlike the prevalent literature on …
Persistent link: https://www.econbiz.de/10009475022
increased dividends constrict management's future behavior, abating the agency problem with shareholders. The signaling …
Persistent link: https://www.econbiz.de/10009475061
business cycle.This study investigates the phenomenon of disappearing dividends in the developing capital market of Thailand … dividends, non-payers, former payers and firms which have never paid dividends. These characteristics include profitability … firms. Changes in firm characteristics and the propensity to pay dividends are identified in this process.The analysis …
Persistent link: https://www.econbiz.de/10009475186