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Ownership structure influencing the joint determination of dividend, leverage, and cost of capital

Rajverma, Abhinav Kumar; Arrawatia, Rakesh; Misra, Arun … - In: Cogent economics & finance 7 (2019) 1, pp. 1-25

The article analyses inter-dependencies between dividend, capital structure, and cost of capital, factoring the … concentrated ownership. Dividend, leverage, and average cost of capital are inter-linked. However, family firms pay lower dividends …

Persistent link: https://www.econbiz.de/10012023922

Discrete dividend payments in continuous time

Keppo, Jussi; Reppen, A. Max; Soner, Halil Mete - In: Mathematics of operations research 46 (2021) 3, pp. 895-911

Persistent link: https://www.econbiz.de/10012625665

Do capital structure models square with the dynamics of payout?

Chen, Shiqi; Lambrecht, Bart M. - In: Annual review of financial economics 13 (2021), pp. 271-299

Persistent link: https://www.econbiz.de/10012612498

Zero-debt policy under asymmetric information, flexibility and free cash flow considerations

Miglo, Anton - In: Journal of risk and financial management : JRFM 13 (2020) 12/296, pp. 1-25

We build a model of debt for firms with investment projects, for which flexibility and free cash flow problems are important issues. We focus on the factors that lead the firm to select the zero-debt policy. Our model provides an explanation of the so-called "zero-leverage puzzle". It also helps...

Persistent link: https://www.econbiz.de/10012392204