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 63 for “"payout"”.
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Fire the caterer : a test of catering theory for corporate dividend payout policy
We propose that the catering theory of dividends will not hold when tested with an extended sample period, different formulations of the dividend premium, and subsets of our sample divided by industry. The catering theory implies that managers cater to irrational and timevarying investor demand for …
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Determinants of Dividend Payout Policy for the Manufacturing Companies Listed at DSE in Tanzania
… aimed at examining the determinants of dividend payout policy for the manufacturing companies listed at DSE in Tanzania. Quantitative research design employed to carry out the study. The secondary data were used which extracted from the Annual Report of Sampled firms. This data have been sourced …
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Voluntary corporate governance disclosure, firm valuation and dividend payout: evidence from Hong Kong listed firms
… This thesis also examines the role of dividend payout on the CG of Hong Kong firms. Based on hand-collected data for a sample of 258 firm-years over the 2003-2005 period, the empirical results show that, firstly, voluntary CG disclosure is positively and significantly related to market valuation …
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The relationship between the dividend payout ratio and the subsequent earnings growth : a South African study : an analysis into the relationship between the dividend payout ratio and the subsequent earnings growth at the market level
… exists a negative relationship between dividend payout ratios and subsequent earnings growth at both the company and market level. Surprisingly, more recent research found a positive relationship between these two variables, rationalised in terms of management signalling positive future prospects …
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The Effects of Dilutions and Payout Policy on Equity- and Stock-linked Call Options on a Firm with Leverage
… not indifferent. In fact, option holders prefer payout policies that favour buybacks over dividends. Finally, the leverage effect is demonstrated by calculating implied volatilities under various levels of firm leverage.
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Essays on executive compensation and dividend policy
… 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 possible …
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Analisis pengaruh variabel fundamental terhadap dividend payout ratio: Studi pada perusahaan manufaktur sub sektor makanan dan minuman di BEI periode 2008-2012
… positif dan signifikan terhadap Dividend Payout Ratio (DPR). Sedangkan secara parsial, Dept To Equity Ratio (DER), Return On Invesment (ROI) dan Earning Per Share (EPS) berpengaruh secara positif dan signifikan terhadap Dividend Payout Ratio (DPR) dengan tingkat signifikansi kurang dari …
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Two Essays on Corporate Finance
… the relevance of such asymmetries for firms' payout, liquidity, and capital structure policies. Policies are more sensitive to downside volatility and the directional effect of upside variation is often opposite that of downside. Controlling for cash flow volatility,policies significantly …
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Cash dividend policy and firm risk : UK evidence
… 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 the …
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Three Essays on Fiscal Stimulus, Corporate Policies, and the Local Economy
… share of U.S. corporate profits. In parallel, payout rates have risen sharply: firms increasingly return profits to shareholders rather than retain them. Together, these two trends have produced a dramatic surge in corporate payout distributions. For example, total dividends and share …
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Two Essays in Corporate Finance and Investment
… Corporate Governance, Capital Structure, and Payout Policy"", addresses several issues in dual-class stocks: why and when firms create dual-class stocks, and how the creation of dual-class stocks affects shareholders' wealth, corporate governance, capital structure, and payout policy. The …
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Economic Deregulation And Corporate Dividend Policy
… the firm's propensity to pay dividends, dividend payout ratio, the sensitivity of corporate dividend policy to current and past earnings, changes in the information content of dividends, and changes in corporate financing behavior along the deregulation process. Empirical results reveal that …
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Reinsurance and dividend management
… 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 resulting …
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Optimal corporate investment and financing policies with time-varying investment opportunities
… management, financial hedging, investment, and payout decisions. However, Bolton et al. (2009) assume that the firm's investment opportunities are constant over time, which is unrealistic in many situations. I extend the analytical tractable dynamic framework of Bolton et al. (2009) for firms …
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Dividend Tax Sensitivity and the Case of Brazilian Firms
… 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 interest on equity. …
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Blockchain-enabled weather index crop insurance for smallholder farmers
… insurance policy management and insurance payouts processing. The platform stores transactions on the blockchain for transparency and verifiability and streamlines the insurance payout process with the use of auto-triggered payouts when weather data-dependent strike conditions attached to …
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Relação entre a distribuição de dividendos e o preço da ação das empresas listadas na B3
… as independent variables the dividend yield and payout, in addition to control, size and risk of profit generation. The results showed statistical significance at the level of 5%, and point to a positive relation between dividend yield and stock valorization. As for the payout, size and risk of …
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Essays in empirical corporate finance and investment
… The 2-4 articles focus on the relationship among payout policy, executive compensation and earnings management. To establish a causal effect, we are revisiting and expanding previous research questions and examining them from another viewpoint with identification strategies. Specifically, we are …
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Dividend policy and the stock market reaction to dividend announcements in Pakistan
… Pakistani firms do not appear have target payout ratios or employ a constant speed-of-adjustment to decide on payout levels. Indeed, most of the firms indicated that they decided the current payout ratio on an ad hoc basis. More importantly, both sets of interviewees (company officials and …
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