Ex-dividend date stock prices have usually been found to be smaller than the amount of dividends, and this has … dividend relationship on the Istanbul Stock Exchange, which is basically tax-free. The findings provide weak evidence of less …

This paper examines dividend policy of Thai listed companies over the period 2002-2008. The results show that larger … lower dividend payout ratio but higher dividend yield. Collectively, the findings from this paper provide much support for … dividend payouts, a finding which casts doubt whether Thai firms rely on debt to pay dividends …

This paper explores the relationship between employee rights and dividend policy across countries. Using labor right … index as a proxy for agency costs of employees, we test the association between labor rights and dividend policies across … dividend payment amounts. This relationship is reinforced to be more salient in civil countries where shareholder rights are …

What are the costs and benefits of mandatory dividend rules? On the one hand, they make it harder for controlling … leading to the loss of valuable projects. To assess this trade-off, we look at investment and dividend decisions in a sample … dividend rules to avoid paying dividends. And yet, the dividend rules are effective. They help explain why the average dividend …

. Dividend-paying firms show less evidence of earnings management. Furthermore, nondividend payers changed earnings announcement … behavior more than dividend payers following the Sarbanes-Oxley Act, a law that increased financial disclosures …

In actuarial risk theory, the introduction of dividend pay-outs in surplus models goes back to Bruno de Finetti (1957 …). Dividend strategies that can be found in the literature often yield pay-out patterns that are inconsistent with actual practice …. One issue is the high variability of the dividend payment rates over time. We aim at addressing that problem by specifying …

Theory suggests that, under certain assumptions, corporate distributions should reduce market value on a one …-to-one basis. This result is sometimes known as dividend displacement. Nonetheless, dividend displacement tends to be rejected by … models is the cause of the rejection of dividend displacement for regular or total dividends. Our results suggest that this …

.We determine the optimal dividend and (unconstrained) capital injection strategy (among all possible strategies) when jumps are … hyperexponential. This strategy happens to be either a dividend barrier strategy without capital injections, or another dividend … dividend and capital injection strategy, if ruin is not allowed to occur. Both the choice to inject capital or not and the …

We investigate the effect of a lack of an automated limit order adjustment mechanism on ex-dividend day stock price … price. In addition, we find that average price drops are smaller than the dividend amount for all dividend sizes. We also … find no evidence of a sawtooth-shaped relationship between the dividend amount and the ex-dividend day price drop. These …