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A Theory of Income Smoothing When Insiders Know More than Outsiders

Acharya, Viral V. - 2014

We develop a theory of income and payout smoothing by firms when insiders know more about income than outside shareholders, but property rights ensure that outsiders can enforce a fair payout. Insiders set payout to meet outsiders' expectations and underproduce to manage downward future...

Persistent link: https://www.econbiz.de/10013066995

A Theory of Income Smoothing When Insiders Know More than Outsiders

Acharya, Viral V. - 2015

Persistent link: https://www.econbiz.de/10013037491

A Survey of Managerial Perspective on Corporate Dividend Policy : Evidence from Turkish Listed Firms

Kuzucu, Narman - 2016

Exchange (Borsa Istanbul). Survey method is conducted to investigate managerial views on corporate dividend policy. The study … by today's listed firms in an emerging market. The financial managers from 38 firms out of 216 non-financial companies … responded the survey. The results show that there is a significant positive relationship between cash dividends and earnings …

Persistent link: https://www.econbiz.de/10012997951

The impact of dividend policy on price-to earnings ratio : the case of Western Europe

Nikolovska, Simona - In: Journal of contemporary economic and business issues 7 (2020) 1, pp. 21-39

In a world full of studies dealing with the relationship of price-to-earnings ratio and the dividend payout ratio, rarely noticeable are those examining the possibility that this relationship may be non-linear. Although rare, studies that aim to fill this gap focus solely on the US capital...

Persistent link: https://www.econbiz.de/10012268080

Agency conflict and corporate dividend policy decisions in Nigeria

Nwidobie, Barine Michael - 2013

Differences in management and shareholders priorities have been recognized and accepted to exist creating problems in the agency to which financial theorists opined that dividend payments is the best means of resolving the conflict. Results obtained using the multiple regression equation model...

Persistent link: https://www.econbiz.de/10009761092

Optimal firm's dividend and capital structure for mean reverting profitability

Menoncin, Francesco; Panteghini, Paolo; Regis, Luca - 2021

We model a risk-averse firm owner who wants to maximize the intertemporal expected utility of firm’s dividends. The optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA) of the _rm. According to the empirical evidence, we...

Persistent link: https://www.econbiz.de/10012668498

The development of capital market and its impact on providing alternative sources of business financing: Empirical analysis

Govori, Fadil - Volkswirtschaftliche Fakultät, … - 2014

We survey 500 business firms about the initial capital and its adequacy for business startup, how much the banking …

Persistent link: https://www.econbiz.de/10011114339

Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives

Sierpińska-Sawicz, Agata - In: Contemporary Economics 10 (2016) 3, pp. 249-258

foreign investors. The study expands on the existing survey research on dividends and provides new evidence from managers of …This study compares firms' dividend policy antecedents in four countries. The author surveys managers of 230 companies … listed on the Warsaw Stock Exchange that paid dividends over the 2001-12 period and compares the findings to survey reports …

Persistent link: https://www.econbiz.de/10011659890

The application of financing and dividend decision techniques in practice among Ghanaian chief financial officers (CFOs)

Owusu-Ansah, Anthony; Addico, Nene Lartey; Amewu, Godfred - In: Cogent Business & Management 10 (2023) 1, pp. 1-31

We use a survey approach to investigate how managers in a frontier market apply financing and dividend decision … structure, managers consider most relevant issuing of stock to give investors a better impression of their firms' prospects … maturity with the assets' useful life span. Managers are most concerned about the volatility of their earnings and cash flows …

Persistent link: https://www.econbiz.de/10014527729

Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives

Sierpińska-Sawicz, Agata - In: Contemporary economics 10 (2016) 3, pp. 249-258

foreign investors. The study expands on the existing survey research on dividends and provides new evidence from managers of …This study compares firms’ dividend policy antecedents in four countries. The author surveys managers of 230 companies … listed on the Warsaw Stock Exchange that paid dividends over the 2001-12 period and compares the findings to survey reports …

Persistent link: https://www.econbiz.de/10011631027