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On optimal periodic dividend strategies in the dual model with diffusion
Avanzi, Benjamin; Tu, Vincent; Wong, Bernard - In: Insurance: Mathematics and Economics 55 (2014) C, pp. 210-224
that a dividend barrier strategy is optimal when dividend decisions are made continuously. In practice, however, companies … that are capable of issuing dividends make dividend decisions on a periodic (rather than continuous) basis. …
Persistent link: https://www.econbiz.de/10011046573
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Optimal dividend problem with a terminal value for spectrally positive Lévy processes
Yin, Chuancun; Wen, Yuzhen - In: Insurance: Mathematics and Economics 53 (2013) 3, pp. 769-773
In this paper we consider a modified version of the classical optimal dividend problem taking into account both …
Persistent link: https://www.econbiz.de/10010719097
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Does Dividend Policy Have a Political Dimension? The British Case
Bank, Steven; Cheffins, Brian; Goergen, Marc - In: CESifo DICE Report 5 (2007) 1, pp. 33-37
Persistent link: https://www.econbiz.de/10005037372
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Gouvernance familiale et politique de distribution aux actionnaires
Charlier, Patrice; Duboys, Céline - In: Revue Finance Contrôle Stratégie 14 (2011) 1, pp. 5-31
(VF)L’objectif de cette étude est d’analyser la relation entre les politiques de distribution des entreprises familiales cotées et deux grands types de conflits d’agence dans les entreprises familiales, entre actionnaires et dirigeant (type I), et entre actionnaires majoritaires et...
Persistent link: https://www.econbiz.de/10010585947
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Gouvernement d’entreprise:un modèle de répartition de la valeur créée entre dirigeant et actionnaire
Louvet, Pascal; Taramasco, Ollivier - In: Revue Finance Contrôle Stratégie 7 (2004) 1, pp. 81-116
(VF)L’article présente un modèle décrivant le partage de la valeur créée entre le dirigeant et l’actionnaire. Le modèle montre que le limogeage représente une menace très dissuasive pour le dirigeant qui suffit le plus souvent à réfréner son appétit pour les prélèvements...
Persistent link: https://www.econbiz.de/10005111171
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PESTICIDE TAX, CROPPING PATTERNS, AND WATER QUALITY IN SOUTH CENTRAL TEXAS
Shumway, C. Richard; Chesser, Rayanne R. - In: Journal of Agricultural and Applied Economics 26 (1994) 01
The impact of an ad valorem pesticide tax on cropping patterns and pesticide use was examined in the South Central Texas Crop Reporting District. Output supply equations were econometrically estimated and used in the simulation. A 25 percent tax on pesticide was estimated to have major impacts...
Persistent link: https://www.econbiz.de/10005513895
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Characteristics of the Dual Model among the OECD Countries
Gubik, Andrea S.; Bartha, Zoltán - In: Theory Methodology Practice (TMP) 9 (2013), pp. 3-14
Deciding on the development path of the economy has been a delicate question in economic policy, not least because of the trade-off effects which immediately worsen certain economic indicators as steps are taken to improve on others. The paper offers help to decide on such policy dilemmas, based...
Persistent link: https://www.econbiz.de/10011171750
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On a periodic dividend barrier strategy in the dual model with continuous monitoring of solvency
Avanzi, Benjamin; Cheung, Eric C.K.; Wong, Bernard; … - In: Insurance: Mathematics and Economics 52 (2013) 1, pp. 98-113
stochastic gains, such as pharmaceutical, petroleum or commission-based companies. Dividend strategies for this model that can be ….g., Cheung, 2008), where dividend decisions are made continuously. While in practice the financial position of a company is typically … monitored frequently, dividend decisions are only made periodically along with the publication of its books. In this paper, we …
Persistent link: https://www.econbiz.de/10011046572
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Optimal dividends in the dual model under transaction costs
Bayraktar, Erhan; Kyprianou, Andreas E.; Yamazaki, Kazutoshi - In: Insurance: Mathematics and Economics 54 (2014) C, pp. 133-143
We analyze the optimal dividend payment problem in the dual model under constant transaction costs. We show, for a …
Persistent link: https://www.econbiz.de/10011046622
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On non-trivial barrier solutions of the dividend problem for a diffusion under constant and proportional transaction costs
Bai, Lihua; Paulsen, Jostein - In: Stochastic Processes and their Applications 122 (2012) 12, pp. 4005-4027
In Bai and Paulsen [L. Bai, J. Paulsen, Optimal dividend policies with transaction costs for a class of diffusion … processes, SIAM J. Control Optim. 48 (2010) 4987–5008] the optimal dividend problem under transaction costs was analyzed for a … dividend payment. After transaction costs, the shareholder receives kξ−K. …
Persistent link: https://www.econbiz.de/10011065107