Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 217 for “"dividend"”.
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Corporate dividend decisions
… in the previous literature to explain firms’ dividend policy, focusing specifically on IPOs and cross-country analysis. In particular, I explore the theoretical links in the context of the important dividend theories including signalling, agency costs, lifecycle and catering and then …
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Dividend policy and the stock market reaction to dividend announcements in Pakistan
Dividends are payments made to the shareholders (owners) out of firms? earnings. Numerous academics, adopting either a behavioural or empirical approach, have provided rationales to address the issue of why companies pay dividends and whether the market response to the announcements can be …
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Dividend tax changes and ex-dividend behaviour: the case of South Africa
… 2012, South Africa changed its tax system on dividends. South Africa switched from using Secondary Tax on Companies (STC) to Dividend Withholding Tax (DWT) in an effort to align with the international standards and eliminate the perception of a higher tax rate. This paper attempts to establish …
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Reinsurance and dividend management
… we set to find the dual optimal policy of a dividend payout scheme for shareholders with a risk-averse utility function and the retention level of received premiums for an insurance company with the option of reinsurance. We set the problem as a stochastic control problem. We then solve the …
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Dividend Signaling and Sustainability
Since the 1970s, dividends have not only become less common (Fama and French, 2001), they have become less sticky, too. Today, it is not uncommon for a firm to cease dividend payments within three years of initiation. I examine the differences between firms that continue to pay dividends for a long …
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Market Microstructure for a Portfolio of Dividend Paying Firms around Ex-Dividend Days
… essays on the market microstructure around ex-dividend days. The first essay studies the market microstructure “footprints” associated with trading and tax-arbitrage activity around ex-dividend day using a sample of FTSE 100 stocks. Specifically, the first essay asks whether bid-ask spreads, …
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Demographic Dividend in Central Asia
… Muyassar’s doctoral dissertation “DEMOGRAPHIC DIVIDEND IN CENTRAL ASIA” During the demographic transition, when the share of the working-age population increases, it presents an opportunity for economic gain, a phenomenon known as the "demographic dividend. This topic is particularly relevant …
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Economic Deregulation And Corporate Dividend Policy
<p>I investigate the evolution of corporate dividend policy in response to the changing operating environment induced by economic deregulation from the 1970s-1990s. Specifically, I examine the impact of deregulation on the firm's propensity to pay dividends, dividend payout ratio, the sensitivity …
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Essays on executive compensation and dividend policy
… and the second examines the impact that various dividend payout policies have on stock prices. Below are the individual abstracts for each chapter. CHAPTER 1: Sovereign wealth funds are major players in the global markets. We contribute to the corporate governance literature by examining the …
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Dividend payments from employee share scheme trusts
… has been confusion regarding the taxation of dividends received from employee share scheme trusts. Conflicting interpretations of the definitions in section 8C and certain provisions of 10(1)(k) of the Income Tax Act No. 58 of 1962 (ITA) have caused administrators of these schemes to treat the …
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The dividend initiation decision : theory and evidence
… cash payout policy that endogenizes a firm's dividend initiation decision, and its extreme reluctance to subsequently cut dividends in a sequential equilibrium. After payment of dividends, all excess cash is disgorged via stock repurchases that elicit no price reactions. The theoretical model …
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Cash dividend policy and firm risk : UK evidence
… aims at investigating the determinants of the dividend payout ratio in the UK. It contributes to the literature by examining the potential influence of systematic and unsystematic risks on the relationship between the dividend payout ratio and its determinants. This influence is studied through …
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The National Dividend Plan: a public choice analysis
… H. Perry, Jr.--a proposal called the National Dividend Plan has received considerable attention. The Plan involves a proposed constitutional amendment which would prohibit the corporate income tax rate from exceeding fifty percent of net income; make corporation dividends nontaxable income to …
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What insight do market participants gain from dividend increases?
… of market makers and investors to large dividend increases to identify the motives for dividend increases. Uniquely, this study simultaneously tests the signaling and agency abatement motivations as explanations of the impact of dividend increases on stock prices and bid-ask spreads. The …
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Dividend Tax Sensitivity and the Case of Brazilian Firms
This thesis examines how a change in dividend taxation would impact the payout and investment decisions of firms in Brazil. The current institutional framework in Brazil is important because it requires firms to pay out a portion of their earnings back to shareholders, either through dividends or …
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Canadian market reaction to dividend omission and resumption announcements
… trading activity surrounding announcements of dividend omissions and resumptions made by Canadian corporations. Significant negative abnormal returns are identified for a three-day announcement period. No significant shift in beta is found. The abnormal returns are not related to corporate size …
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Capital structure and dividend policy: evidence from emerging markets
… paper reviews the existing literature on the dividend policy controversy with an emphasis on recent empirical work. The following two chapters consist of two research papers which look separately at the dividend and capital structure decisions of firms in India and in Mauritius. In the second …
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