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Financing, dividend and compensation policies subsequent to a shift in the investment opportunity set

Abbott, Lawrence J. - In: Managerial Finance 27 (2001) 3, pp. 31-47

Summarizes previous research on the impact of the investment opportunity set (IOS) on firm financing, dividend and … firms generally reduced their dividends and market debt‐to‐equity ratio. Adds that all three groups increased their use of …

Persistent link: https://www.econbiz.de/10014939545

An investigation of the relationship between Dutch auction repurchase tender offers and cash dividend payments

Forjan, James; Durr, David; Thesis, John - In: Managerial Finance 26 (2000) 8, pp. 29-40

It is well established in academic literature that self‐tender offers and corporate dividends can be used independently … auctions between dividend payments. Because signalling is a likely motivation for both repurchases and cash dividends, these …

Persistent link: https://www.econbiz.de/10014939519

Harmonization of international taxation: the case of interlisted stocks

Graham, Steven; Pirie, Wendy L. - In: Managerial Finance 29 (2003) 1, pp. 33-54

jurisdiction of the marginal investor. The stock price changes relative to the dividends are consistent with a tax clientele effect …

Persistent link: https://www.econbiz.de/10014939660

Dividends and market efficiency: a multi‐index arbitrage investment strategy

Kunkel, Robert A.; Ehrhardt, Michael C.; Kuhlemeyer, … - In: Managerial Finance 25 (1999) 6, pp. 21-34

and multi‐index model to form an investment strategy to see whether dividend yields increase stock returns. Explains the … of dividends to stock returns. Suggests that the negative relationship between dividends and stock returns can be …

Persistent link: https://www.econbiz.de/10014940378

The investment opportunity set: determinants, consequences and measurement

Kallapur, Sanjay; Trombley, Mark A. - In: Managerial Finance 27 (2001) 3, pp. 3-15

research on its links with company policy on financing, dividends and compensation. Goes on to discuss research on measuring …Explains the concept of the investment set (IOS: i.e. chances to invest for expansion, new products, cost reduction etc …

Persistent link: https://www.econbiz.de/10014939543

External audits and the impact of loss of reputation on agency costs: an empirical investigation

Kuhlemeyer, Gregory A.; Cary Collins, M.; Black, Harold A. - In: Managerial Finance 26 (2000) 2, pp. 19-30

Refers to previous research on the effects of poor external audits on agency costs to shareholders and takes the 1991 disciplinary action by the US Securities and Exchange Commission against Ernst and Young (re the Republic Bank) as an example to examine the effect on its other audit clients and...

Persistent link: https://www.econbiz.de/10014939489

Testing the contrarian investment strategy using holding period returns

Dahlquist, Julie R.; Broussard, John P. - In: Managerial Finance 26 (2000) 6, pp. 16-22

Reviews previous research on contrarian investment strategy (i.e. buying “losers” and selling “winners”) and analyses …

Persistent link: https://www.econbiz.de/10014939507

The investment value of analysts’ recommendations: evidence from the dartboard contest

Ferraro, Steven R.; Stanley, Darrol J. - In: Managerial Finance 26 (2000) 6, pp. 36-48

Briefly reviews previous research on the value of investment advisors’ recommendations and presents a study comparing …

Persistent link: https://www.econbiz.de/10014939510

Real ploughback earnings as an indicator of enterprise performance: FAS no. 33 disclosures revistited

Farrell, Kathleen A.; Karels, Gordon V.; Montfort, … - In: Managerial Finance 26 (2000) 8, pp. 13-28

, whether in the form of cash dividends or capital gains, represents fulfilment of this expectation. Such fulfilment is only …

Persistent link: https://www.econbiz.de/10014939518

Insider response to credit watch placements

Yook, Ken; Hudson, William C.; Cole, Steven; … - In: Managerial Finance 26 (2000) 8, pp. 41-53

An examination of insider trading before and after the announcement of Credit Watch placements sheds new light on the study of both bond rating changes and insider trading. This paper utilizes Credit Watch placements classified by 11 indentifiable trigger events for the years 1981‐1990. We...

Persistent link: https://www.econbiz.de/10014939520