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dc.contributor.advisorKomain Jiranyakul, advisorth
dc.contributor.authorJiang, Junth
dc.date.accessioned2014-05-05T09:09:16Z
dc.date.available2014-05-05T09:09:16Z
dc.date.issued2010th
dc.identifier.urihttp://repository.nida.ac.th/handle/662723737/610th
dc.descriptionThesis (Ph.D. (Economics))--National Institute of Development Administration, 2010th
dc.description.abstractThe 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 way of seeking the real value for shareholders. On the other hand, the decision of finance by agency bares double objectives one of which is personal utility realization. As consequence, there are six factors are resulted as determinations of theoretical equilibrium. These factors consist of, capital structure of firm, tax shield from debt finance, growth rate of dividend, personal tax on dividend payment, investment strategy of principal and cost of capital. According to empirical tests on Shanghai Stock Exchange and New York Stock Exchange, the theory of dividend is partially followed by both markets and degree of determination for some factors over both markets interprets distinguishable significance.th
dc.description.provenanceMade available in DSpace on 2014-05-05T09:09:16Z (GMT). No. of bitstreams: 1 nida-diss-b166392.pdf: 13644332 bytes, checksum: 082cd9223936170a9e426e1fbe40126d (MD5) Previous issue date: 2010th
dc.format.extentx, 98 leaves : ill. ; 30 cm.th
dc.format.mimetypeapplication/pdfth
dc.language.isoength
dc.publisherNational Institute of Development Administrationth
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.th
dc.subjectNew York Stock Exchangeth
dc.subjectShanghai Stock Exchangeth
dc.subject.lccHG 4028 .D5 J56 2010th
dc.subject.otherDividendsth
dc.subject.otherStock exchangesth
dc.titleThe two-period dividend policy model and its application to Shanghai and New York Stock Exchangesth
dc.typeTextth
mods.genreDissertationth
mods.physicalLocationNational Institute of Development Administration. Library and Information Centerth
thesis.degree.nameDoctor of Philosophyth
thesis.degree.levelDoctoralth
thesis.degree.disciplineEconomicsth
thesis.degree.grantorNational Institute of Development Administrationth
thesis.degree.departmentSchool of Development Economicsth
dc.identifier.doi10.14457/NIDA.the.2010.45


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