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    The two-period dividend policy model and its application to Shanghai and New York Stock Exchanges 

    Jiang, Jun; Komain Jiranyakul, advisor (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 ...