. Firstly, results show that the payment of dividends reduces the risk and the leverage, and increases the ownership. Secondly …, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive repercussion on …This paper analyzes the relationship between the dividend and debt policies, firm risk and the directors’ ownership …

We consider the optimal dividend problem in the so-called degenerate bivariate risk model under the assumption that the … dividends until simultaneous ruin of both branches of an insurance company by showing that the optimal value function satisfies …