Showing 1 - 10 of 22
In this paper, we consider the classical surplus process with interest and a constant dividend barrier. Under constant interest, we derive an integro-differential equation for the Gerber-Shiu expected discounted penalty function. Following an idea of Lin, Willmot and Drekic [Lin, X.S., Willmot,...
Persistent link: https://www.econbiz.de/10009471485
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
in shares of a company aims to earn revenue namely dividends. Many factors affect the stock price on the stock exchange …, such as price earnings ratio (PER) and cash dividends. The formulation of problem is how the effect of Price Earning Ratio …
Persistent link: https://www.econbiz.de/10009464527
compensation, effectively reimbursing CEOs for decreases in optionvalue. Firms that did not increase dividends in the first year …-basedexplanations. Results suggest that dividends are less explanatory as to future earnings inthe post-JGTRRA period. Post-JGTRRA dividend …
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
This study investigates the long-run stock performance following dividend omissions and reductions, and looks for answers for three questions: 1) Does the market underreact to announcement of dividend omissions and reductions? 2) if the market does, how long does it take for the market to...
Persistent link: https://www.econbiz.de/10009451046
likely to continue to pay dividends, while firms that do not have a history of regular dividend payments are not likely to … begin to pay dividends or continue to do so. The results of a set of generalized polytomous logistic regressions imply that …
Persistent link: https://www.econbiz.de/10009460452