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 …

prices and the log dividends. However, the empirical results also show that the cointegrating relationship has changed over …

dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the …

This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that …, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic … dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …

results in a significant decrease in the level of corporate dividends and, at the same time, into an increase in share … repurchases. Yet, few suggestions have been made on how to account for dividends in SOPs. This paper applies arguments from …

monthly observations on real oil prices, real equity prices and real dividends. We confirm the perverse positive relationship … stable negative relationship between oil prices and real dividends which we argue is a better proxy for economic activity (as …

(in the form of the total exemption of distributed dividends, as in Brazil) should be removed from the Brazilian tax …