Using data from bank holding company regulatory reports, we examine the relationshipbetween stock repurchases and financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that higher levels of repurchases in one year are associated...

Purpose – This paper develops a discussion looking at whether CEO and Executive Director Remuneration have an impact on Firm Performance. Design/methodology/approach – This study entails Australia, The United States of America and The United Kingdom. The data collected is from public listed...

Purpose – This paper develops a discussion looking at the financial performance trends of Corporate USA. Design/methodology/approach – The United States of America, the data collected is from public listed corporations from 2000–2012* (Estimates based on a 3 year rolling average) for the...

This study examines the extent to which national culture and legal systems influence corporate governance practices. National culture is taken to be the customs and practices that are associated with a particular country. The meaning and derivation of national culture will be discussed further...

This paper develops a theoretical model to demonstrate that the firm’s payout/investment decision may be affected by the relative magnitude of dividend and repurchasing premia. The model shows that the manager of high-quality firm may pass up a positive NPV project in order to cater to...

For more than 50 years, researchers around the world have tirelessly been searching for a solution to Blacks famous “dividend-puzzle.” However, despite tremendous efforts in different fields of economics, the influence of taxation on the distribution policy of firms has remained elusive and...

In the dual model, the surplus of a company is a Levy process with sample paths that are skip-free downwards. In this paper, the aggregate gains process is the sum of a shifted compound Poisson process and an independent Wiener process. By means of Laplace transforms, it is shown how the...

Post-IPO banks are far more likely to initiate dividends than nonfinancial firms. Moreover, dividend initiation has a major impact on the ultimate disposition of a newly public bank, increasing its likelihood of subsequent acquisition by around 40 percent and reducing the expected time until...