Similar Search Results

Optimal firm's dividend and capital structure for mean reverting profitability

Menoncin, Francesco; Panteghini, Paolo; Regis, Luca - 2021

solved in a quasi-explicit form by computing both the optimal dividend and the optimal debt. Finally, we calibrate the model … particular, our results show that the optimal dividend is smooth over time and that leverage is predominantly constant over time …

Persistent link: https://www.econbiz.de/10012668498

Ambiguity, Risk, and Payout Policy

Herron, Richard - 2020

ambiguity on payout, we find that dividend initiation announcement returns increase in ambiguity …

Persistent link: https://www.econbiz.de/10012854214

Divergence of Shareholder Rights and Corporate Risk-Taking

Huang, Jiekun - 2013

the controlling shareholders of the privatized SOEs. Second, the Split-Share Structure Reform (SSSR) initiated in 2005 … repealed the restrictions on the transferability of controlling shareholders' shares. We report three main findings relating …

Persistent link: https://www.econbiz.de/10013093715

Capital structure decisions in family firms : empirical evidence from a bank-based economy

Ampenberger, Markus; Schmid, Thomas; Achleitner, Ann-Kristin - 2009

This study examines how family firm characteristics affect capital structure decisions. In our analysis we disentangle the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the founding family. Thereby, we use a unique panel...

Persistent link: https://www.econbiz.de/10003858192

Can minority investor activism promote corporate risk-taking? : Evidence from a quasi-natural experiment in China

Chen, Shen; Chen, Yuran; Zhang, Di; Wang, Jinmei - In: International review of financial analysis 85 (2023), pp. 1-15

Persistent link: https://www.econbiz.de/10014234949

Financial Policies and Internal Governance with Heterogeneous Risk Preferences

Chen, Shiqi - 2020

A group of investors with heterogeneous risk preferences maximize their joint, weighted life-time utility from payouts. Group members' utility weights are endogenously deter- mined at startup. Each member receives a non-tradeable claim that is optimally tailored to her risk preferences. Claims...

Persistent link: https://www.econbiz.de/10012849887

Dynamic Compensation Contracts and Capital Structure under Loss Aversion

Hori, Keiichi - 2018

contract using a combination of equity, long-term debt, and a line of credit, we also predict that dividend payments are … results provide a unified explanation for the evolution of CEO compensation and corporate dividend-smoothing policy. The …

Persistent link: https://www.econbiz.de/10012938648

Study on the Dual Risk Model with Time-Correlated Income and Dividend Barrier

Xu, Ran - 2013

-correlated, and there is a constant dividend barrier. It is close to the reality if we consider that the incomes in different periods … some important probabilities for the dual model are derived. The differential equations satisfied by the expected dividend …

Persistent link: https://www.econbiz.de/10014150609

Optimal dividend policy and risk-aversion

Kärki, Jaakko - 1980

Persistent link: https://www.econbiz.de/10002184249

The behavioral foundations of corporate dividend policy a cross-country analysis

Breuer, Wolfgang; Rieger, M. Oliver; Soypak, K. Can - In: Journal of banking & finance 42 (2014), pp. 247-265

Persistent link: https://www.econbiz.de/10010408381