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relevance condition fulfillment. The results indicate that big private Colombian exporting firms decree dividends as a way to …, especially in poor managerial quality firms. Evidence supports agency cost theory and denies signaling. …
Persistent link: https://www.econbiz.de/10014282634
-run relationship between share price and dividends using panel data. However, the application of recently established panel econometric … between share price and dividends in an Indian setting is limited. This paper re-examines the log-linearized PVM in an Indian … a panel dataset of 60 Bombay Stock Exchange (BSE)-listed Indian firms paying regular dividends for 28 years (1990 …
Persistent link: https://www.econbiz.de/10014332685
The object of study of this paper is the analysis of the level of reserves in a non-life insurance portfolio. The approach to this tool as an indicator of the solvency of the portfolio poses an initial dilemma between the security necessary to be able to respond to the losses that have occurred...
Persistent link: https://www.econbiz.de/10014494550
We introduce a new class of values for TU-games (games with transferable utility) with a level structure, called LS-games. A level structure is a hierarchical structure where each level corresponds to a partition of the player set, which becomes increasingly coarse from the trivial partition...
Persistent link: https://www.econbiz.de/10014501386
Dividend payments are firm events on a recurring and predictable basis. High returns in the period between announcement-date and ex-dividend date are the main driver for the so-called dividend month premium, which are positive abnormal returns in months in which corporations are predicted to...
Persistent link: https://www.econbiz.de/10014501993
results show on average significant influence of profitability and debt level on the size of the dividends. Influence of size …
Persistent link: https://www.econbiz.de/10010435935
dividend smoothing phenomenon is virtually non-existent. On the other hand, when companies decide to pay dividends they, on …
Persistent link: https://www.econbiz.de/10010435962
interpreted as 'dividends'. Subsequent literature on actuarial surplus models with dividend distribution has mainly focussed on … dividend strategies that either maximise the expected present value of dividends until ruin or lead to a probability of ruin …
Persistent link: https://www.econbiz.de/10011709573
We present a model in which banks and other financial intermediaries face both occasionally binding borrowing constraints, and costs of equity issuance. Near the steady state, these intermediaries can raise equity finance at no cost through retained earnings. However, even moderately large...
Persistent link: https://www.econbiz.de/10011719158
prices and the log dividends. However, the empirical results also show that the cointegrating relationship has changed over …
Persistent link: https://www.econbiz.de/10011745804