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 …

Purpose: This paper focuses on the dividend policy management of the firms when they experience a loss at the end of … the firms who abstain to pay (b) the dividend policy during periods of loss is still able to send positive signals about … the firm in the market (c) the dividend policy can be considered as a predictive indicator for a sustainable firm whose …

This paper examines how loan covenant violations impact firm dividend policy. Using contract-level loan data for … the likelihood of a dividend reduction in the subsequent quarter. Moreover, we show that the degree of creditor …-shareholder conflict and firm financial constraints are important determinants of dividend cuts upon technical default. Additionally, this …