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profit taxation (DPT), the corporate taxation regime of Estonia since 2000. The survey is based on the financial information …
Persistent link: https://www.econbiz.de/10005032901
Decisions concerning the most optimal choice of financing sources and dividend policy are some of the most difficult financial decisions. This article presents the results of research concerning relationships between two capital structure theories (hierarchy theory and substitution theory) and...
Persistent link: https://www.econbiz.de/10008553267
The objective of this paper is to examine the association between the Corporate Leverage (CL) and the Dividend Policy (DP) of firms across industries in India in respect of Size of Corporate Firms. The investigation is conducted on a panel sample of 73 firms across industries [Cement, Chemical...
Persistent link: https://www.econbiz.de/10008489337
We study a continuous time model of a levered firm with fixed assets generating a cash flow that fluctuates with business conditions. Since external finance is costly, the firm holds a liquid (cash) reserve to help survive periods of poor business conditions. Holding liquid assets inside the...
Persistent link: https://www.econbiz.de/10005123584
(VF)La limitation du problème du free cash flow dépend de l’efficacité des mécanismes de gouvernance.Sur la base d’un échantillon de 123 entreprises françaises en 2004, nous montrons que c’est la distribution soutenue des dividendes, et non le niveau d’endettement, qui permet de...
Persistent link: https://www.econbiz.de/10010585923
Dividend payout policy has potential roles to be considered as part of the firm’s strength to operate smoothly in the corporate world. Profitability along with other essential factors has significant impact on dividend decisions of a corporation. Thus, it becomes an important issue for...
Persistent link: https://www.econbiz.de/10010592525
This paper examines the possible association between ownership structure, dividend payout policy. It is also one of the very first examples, which tries to detect any potential association in ownership structure, and well established dividend payout models in context of an emerging market .The...
Persistent link: https://www.econbiz.de/10010598281
This article investigates the effect of corporate risk management on dividend policy. We extend the signaling framework of Bhattacharya [1979. Bell Journal of Economics 10, 259–270] by including the possibility of hedging the future cash flow. We find that the higher the hedging level, the...
Persistent link: https://www.econbiz.de/10010599673
The motivation for these studies is the international extensive researches about factors that might be important in determining firms dividend policy. There are many reasons explaining why dividend policy is so interesting. One reason is that the dividend policy of the firm affects its capital...
Persistent link: https://www.econbiz.de/10009365838
This paper investigates the effect of corporate risk management on dividend policy. We extend the signaling framework of Bhattacharya (1979) by including the possibility of hedging the future cash flow. We find that the higher the hedging level, the lower the incremental dividend. This result is...
Persistent link: https://www.econbiz.de/10008596154