Browsing by Subject "Dividends"
Now showing items 1-2 of 2
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CEO reputations and dividend payouts
; (National Institute of Development Administration, 2011)
Over the past decades, there have been numerous discussions about the influence of dividend policy and the value of firms. In many of the literature in this field, frameworks have been developed to show that dividend policy has implications for firms’ value in the imperfect and inefficient capital markets. If dividend policy has an influence on the firm’s value, then it is worth exploring the factors that have an influence on dividend policy. Past literature has found a large number of firm-specific variables as the determinants of dividend policy. ... -
The two-period dividend policy model and its application to Shanghai and New York Stock Exchanges
; (National Institute of Development Administration, 2010)
The study generates optimal dividend model with incorporated framework, in which, agency, principal, and firm all participate in the achievement of general equilibrium. For protecting maximum utility and allowing wealth transferring between current and future life period, investors or say principals make financial and consumption decisions with the constraints of capital they possess. The decision of this capital investment not only determines the cash availability for firm but also implicitly change the behavior of agency say executive in the ...