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Anthropometric dividends of Czechoslovakia's break up
Costa-Font, Joan; Kossarova, Lucia - 2014
Processes of transition to democracy and country break up stand out as ideal experiments to estimate the impact of wide institutional reform on well-being. Changes in population heights are regarded as virtuous pointers of well-being improvements in psycho-social environments, which improve with...
Persistent link: https://www.econbiz.de/10010433968
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Extended dividend, cash flow and residual income valuation models : accounting for deviations from ideal conditions
Heinrichs, Nicolas; Hess, Dieter; Homburg, Carsten; … - 2011 - This version: May 25, 2011
Standard equity valuation approaches (i.e., DDM, RIM, and DCF model) are derived under the assumption of ideal conditions, such as infinite payoffs and clean surplus accounting. Because these conditions are hardly ever met, we extend the standard approaches, based on the fundamental principle of...
Persistent link: https://www.econbiz.de/10009270446
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A Double-Hurdle Approach to the Analysis of Factors Affecting Dividend Payouts by Firms Issuing Restricted Stocks
Duangploy, Orapin - 2011
accounting, financial and demographic variables affecting both the decision to pay cash dividends and the decision about the size … shows that the sets of statistically significant factors affecting the decision to pay dividends and the decision about the … influence on the probability of paying cash dividends. On the contrary firm size, profitability, growth and the number of …
Persistent link: https://www.econbiz.de/10013128767
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Inter-Corporate Ownership, Taxes, and Corporate Payout Choices Between Dividends and Share Repurchases
Zeng, Tao - 2011
databases, we find that inter-corporate ownership is positively associated with a firm's propensity to pay dividends and is …
Persistent link: https://www.econbiz.de/10013132573
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The Future of Creditor Protection Through Capital Maintenance Rules in European Company Law
Kuhner, Christoph - 2010
Accounting-based profit distribution restrictions have been a key issue of the EU's company law harmonisation efforts. At present, the concept of creditor protection via the maintenance of a minimum level of nominal capital is challenged in several respects: (i) With its recent rulings, the...
Persistent link: https://www.econbiz.de/10013141026
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Dividends, Research and Development Expenditures, and the Value Relevance of Book Value for UK Loss-Making Firms
Jiang, Wei - 2012
dividend-paying firms, relative to firms with low R&D-intensity and zero dividends. Prior literature suggests that book value … loss-making firms. Second, we also find that dividends are value relevant, but generally only when the valuation role of …
Persistent link: https://www.econbiz.de/10013115365
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Is U.S. Multinational Dividend Repatriation Policy Influenced by Reporting Incentives?
Blouin, Jennifer - 2012
This study finds evidence that public-company reporting by U.S. multinational corporations (MNCs) creates disincentives to repatriate foreign earnings to the U.S. and contributes to the accumulation of cash abroad. MNCs operate under U.S. international tax laws and financial reporting rules and...
Persistent link: https://www.econbiz.de/10013116817
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Extended Dividend, Cash Flow and Residual Income Valuation Models - Accounting for Deviations from Ideal Conditions
Heinrichs, Nicolas - 2012
Previous empirical studies derive the standard equity valuation models (i.e., DDM, RIM, and DCF model) while assuming that ideal conditions, such as infinite payoffs and clean surplus accounting, exist. Because these conditions are rarely met, we extend the standard models by following the...
Persistent link: https://www.econbiz.de/10013097055
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Earnings Management and Goodwill Accounting : Implications on Dividend Policy in Italian Listed Companies
Onesti, Tiziano - 2012
- as we demonstrate - in the distribution of dividends determined on the basis of earnings that are "inflated" by the …
Persistent link: https://www.econbiz.de/10013097684
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Effects of Dividend Ratios and Other Fundamentals on Forward P/Es - Some Evidences from a Worldwide Cross-Sectional Multivariate Analysis
Taliento, Marco - 2012
This study seeks to regress the forward P/Es on firms' fundamentals as measured on global market basis. Starting from theoretical premises (DDM), the paper develops a linear multivariate model in order to capture (for US, Australia / New Zeland / Canada, Europe, Japan and Emerging Markets quoted...
Persistent link: https://www.econbiz.de/10013098080