On a double barrier hybrid dividend strategy in a compound Poisson risk model with stochastic income
Sign Up to like & getrecommendations! Published in 2021 at "Annals of Operations Research"
DOI: 10.1007/s10479-021-03937-0
Abstract: The paper features a hybrid dividend payment strategy on an insurance surplus with stochastic income. The hybrid dividend strategy works as follows: A delay-clock starts whenever the surplus up-shoots, due to a premium arrival, to… read more here.
Keywords: strategy; dividend; dividend strategy; compound poisson ... See more keywords
On the Bail-Out Optimal Dividend Problem
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DOI: 10.1007/s10957-018-1340-3
Abstract: This paper studies the optimal dividend problem with capital injection under the constraint that the cumulative dividend strategy is absolutely continuous. We consider an open problem of the general spectrally negative case and derive the… read more here.
Keywords: optimal dividend; dividend problem; bail optimal; dividend ... See more keywords
Corporate diversification and dividend policy: empirical evidence from Malaysia
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Management and Governance"
DOI: 10.1007/s10997-018-9440-x
Abstract: The study examined the impact of corporate diversification on dividend policy. It locates the investigation in Malaysia, using 712 firms listed on the main market of Bursa Malaysia for a 5-year period from 2010 to… read more here.
Keywords: diversification; corporate diversification; dividend policy; diversification dividend ... See more keywords
Asymmetric price reactions to dividend announcements: Always irrational?
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DOI: 10.1016/j.econlet.2019.108713
Abstract: We demonstrate analytically that markets tend to react stronger to announcements of dividend cuts vs. increases when dividend payout costs are relatively low. This asymmetry prevails when investors are entirely rational, in contrast to Baker’s… read more here.
Keywords: asymmetric price; dividend announcements; reactions dividend; price reactions ... See more keywords
Dividends: From refracting to ratcheting
Sign Up to like & getrecommendations! Published in 2018 at "Insurance: Mathematics and Economics"
DOI: 10.1016/j.insmatheco.2018.09.003
Abstract: Abstract In this paper we consider an alternative dividend payment strategy in risk theory, where the dividend rate can never decrease. This addresses a concern that has often been raised in connection with the practical… read more here.
Keywords: risk; refracting ratcheting; dividends refracting; case ... See more keywords
Dividend guidance to manage analyst dividend expectations
Sign Up to like & getrecommendations! Published in 2018 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2018.08.013
Abstract: Using a sample of dividend payers from 12 European countries, we document that managers guide analyst dividend expectations to avoid reporting dividends below the consensus forecast. Specifically, we show that dividend guidance predicts (1) a… read more here.
Keywords: dividend expectations; dividend; dividend guidance; analyst dividend ... See more keywords
The effect of information shocks on dividend payout and dividend value relevance
Sign Up to like & getrecommendations! Published in 2019 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2018.10.009
Abstract: Abstract We exploit the mandatory adoption of International Financial Reporting Standards (IFRS) as a source of exogenous shock to the corporate financial information environment to study the potential effect that this information shock might have… read more here.
Keywords: dividend; dividend value; effect; value relevance ... See more keywords
Adjusted dividend-price ratios and stock return predictability: Evidence from China
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DOI: 10.1016/j.irfa.2020.101618
Abstract: Abstract This paper examines the predictive ability of dividend-price ratios on stock returns in the Chinese A-share market. The results show that in both the in-sample and out-of-sample settings, stock returns are positively predicted by… read more here.
Keywords: dividend; ratios stock; price ratios; dividend price ... See more keywords
What firm’s characteristics drive the dividend policy? A mixed-method study on the Euronext stock exchange
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Business Research"
DOI: 10.1016/j.jbusres.2019.11.042
Abstract: Abstract What drives the dividend policy at the firm level? Literature has been mainly focused on taxes, type of shareholders and market effects. In this paper, we perform a novel approach to dividend policy literature.… read more here.
Keywords: dividend policy; dividend; euronext stock; firm ... See more keywords
Do dividend taxes affect corporate investment
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Public Economics"
DOI: 10.1016/j.jpubeco.2015.05.001
Abstract: We test whether dividend taxes affect corporate investments. We exploit Sweden's 2006 dividend tax cut of 10 percentage points for closely held corporations and 5 percentage points for widely held corporations. Using rich administrative panel… read more here.
Keywords: investment; dividend; tax cut; dividend taxes ... See more keywords
New evidence on stock market reaction to dividend announcements in India
Sign Up to like & getrecommendations! Published in 2017 at "Research in International Business and Finance"
DOI: 10.1016/j.ribaf.2016.09.009
Abstract: We revisit the information content of dividend announcements in India from 2012 to 2014 in a unique market setting which involves the introduction of Company’s Act 2013. We find that announcement of increase in dividend… read more here.
Keywords: new evidence; dividend announcements; market; dividend ... See more keywords