value dividend as it mitigates agency problem of retention. The finding is consistent with ‘life cycle theory's prediction … firm level.Originality/ value: The findings of the study enrich the literature on agency theory and dividend policy …Purpose: The purpose of the study is to analyze motivation behind payment of cash dividend by the firms in India in …

This paper provides risk and information asymmetry-based explanations of the disappearing dividend puzzle first … documented by Fama and French (2001). Dividends serve as signaling device and, under models of dividend signaling under … consistent with both. First, we find abnormal returns associated with dividend initiations have been declining over the years. We …

that a dividend barrier strategy is optimal when dividend decisions are made continuously. In practice, however, companies … that are capable of issuing dividends make dividend decisions on a periodic (rather than continuous) basis.In this paper …, we consider a periodic dividend strategy with exponential inter-dividend-decision times and continuous monitoring of …

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 …

profitable, and have less growth options that non-dividend paying firms. Consistent with the life cycle theory, we observe a … theory explains Australian payout policies. Regular dividends remain the most popular mechanism for distributing cash to … shareholders, despite a slight decline in the proportion of dividend payers since the relaxation of buy-back regulations in 1998 …

. Using stochastic control theory, we derive simultaneously the optimal investment policy and the optimal dividend policy … paid to its shareholders. The policy instruments that the company has are the dividend policy and the investment policy …

We develop a model of the effect of CEO overconfidence on dividend policy and empirically examine its central … predictions. Consistent with our main prediction, we find that the level of dividend payout is lower in firms managed by … growth opportunities and lower cash flow. We also show that the magnitude of the positive market reaction to a dividend …

surge of special dividends in the final months of 2010 and 2012, immediately before individual-level dividend tax rates were … their regular dividend payments by shifting what would normally be January regular dividend payments into the preceding … December. To our knowledge this is the first evidence in the literature about changes in the timing of regular dividend …

We analyze the optimal dividend payment problem in the dual model under constant transaction costs. We show, for a …