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The study investigates the factors that influence dividend payout policy in public manufacturing Pakistani companies … a dividend at all or regularly so all these firms or not paying observations were excluded from the final dataset. The … study discovers that dividend payout in listed manufacturing Pakistani firms is significantly affected by “ratio of short …
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We study the existence of equilibria with endogenously complete markets in a continuous-time, heterogenous agents economy driven by a multidimensional diffusion process. Our main results show that if prices are real analytic as functions of time and the state variables of the model then a...
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tax cuts in an economy with heterogeneous households and a representative, mature firm. Dividend tax cuts, contrary to …
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effects considered in signaling games. We show that paying out free cash flow, either as a dividend or via repurchasing shares … dividend as long as capital gains are not heavily discriminated by taxation in relation to dividends. The positive price effect … of dividends can be enhanced if the firm implements a dividend reinvestment plan (DRIP). …
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