Purpose: The purpose of the study is to analyze motivation behind payment of cash dividend by the firms in India in presence of tax provision that discourages payment of dividend by imposing tax on firms at the time of distribution.Design/methodology/approach First, consistent with Jensen's...

Text book analysis shows that there is no giffen input in contrast to existence of giffen good in consumer's case. This paper shows that while this result holds for perfect competiton and monopoly, in the context of Cournot model there can be giffen input

As an economy treads along a higher growth path, some sections of people enjoy more than proportionate rise in income. This increase in prosperity changes the demand pattern in the economy and by the market mechanism, production of goods used by the prospering sections goes up. As requirements...

World has been witnessing financial crisis, emanating from the financial sector every now and then. Failed banks of bankrupt financial firms are being regularly bailed out, creating moral hazard problem and adversely affecting the health of the entire financial sector of the globe. This paper...