Outlines previous research on four explanations for and various factors influencing dividend policy; and reports a survey of senior managers in US listed companies to determine their views. Finds strong support for the signalling explanation and some support for the bird‐in‐hand,...

Outlines previous research on the relationship between dividend policy and stock returns; and uses a linear programme and multi‐index model to form an investment strategy to see whether dividend yields increase stock returns. Explains the methodology, tests it on 1965‐1989 US data and...

Summarizes the main hypotheses used in previous research on dividend policy and reports a study of patterns in dividend payouts/growth using neural networks as a data mining technique. Discusses the properties of neural networks, recognizes that they are unsuitable for hypothesis testing and...

Reviews previous research on the relationship between ownership structure, debt structure and dividend policy within the context of agency theory, which has usually excluded regulated firms from the samples. Explores the links between insider holdings, dividends and debt using 1994‐1997 data...

Traces the history of the Community Reinvestment Act (CRA), which requires US lenders to meet the credit needs of their local customers, and presents a study of its effect on profitability. Looks at financial institutions which received revized CRA ratings between 1990 and 1995, analysing their...

Outlines the provisions of the US Federal Deposit Insurance Corporation Improvement Act (1991) (FDICIA) and presents a study of its effects on banks and their customers. Develops a mathematical model to identify the factors contributing to the price of loans and applies it to 1977‐98 data from...

Outlines previous research on reasons for the many failures of US thrifts and loans during the 1980s, and suggests that crime played a larger part than is generally supposed. Explains the regulatory system set up to deal with failed thrift institutions and analyses all disposals made by the...

Notes recent dramatic growth in international banking, outlines the US historical and legal background to it and reviews previous research trying to explain why banks establish offices outside their home country. Develops a mathematical model to investigate the factors determining the extent of...

Examines the dynamic relationships between stock markets in Japan, Hong Kong, Singapore, Malaysia, Taiwan and Thailand before, during and after the October 1997 crisis. Discusses linear and non‐linear Granger causality tests and applies both to stock market data for three time periods between...