Alvarez, Luis H. R.; Rakkolainen, Teppo A. - Turun Kauppakorkeakoulu, Turun Yliopisto - 2007
We analyze the determination of a value maximizing dividend policy for a broad class of cash flow processes modelled as spectrally negative jump diffusions. We extend previous results based on continuous diffusion models and characterize the value of the optimal dividend policy explicitly....
