We study an optimal dividend problem under a bankruptcy constraint. Firms face a trade-off between potential bankruptcy …

The optimal investment-dividend policy of a financially constrained firm whose earnings are subject to additive shocks …

This paper proposes and solves an optimal dividend problem in which a two-state regimeswitching environment affects the … expected profits from dividends until bankruptcy. The company's optimal dividend payout is therefore influenced by four factors … theoretical results by a detailed numerical study, where also a thorough analysis of the sensitivities of the optimal dividend …

impose drastic dividend restrictions to force banks to rebuild capital, but also would want to keep capital requirements low …