This study aims to determine the effect of leverage, gender diversity, and free cash flow on dividend policy. The population in this are manufacturing companies listed Indonesia Stock Exchange 2018-2020. sampling method used was purposive sampling. Dividend policy is determined by payout ratio. result stated that diversity didn’t have a significant policy, while leverage had

We examine the effect of corporate governance on the use of dividends and repurchases, composition of payout, and inclusion of a pre-commitment feature in the payout policy. We find that dividend payout is decreasing in governance quality. Corporate governance has a mixed effect on repurchases: good external governance prompts managers to repurchase more and to use repurchases as the only form ...

This paper examines the relation between dividend policy, managerial ownership and debt-financing for a large sample of firms listed on NYSE, AMEX and NASDAQ. In addition to standard parametric estimation methods,weusea semi-parametric approach,whichhelps capturemoreeffectivelynon-linearities in thedata. In linewith the alignment effect ofmanagerial ownership, our results support a negative rel...

In this paper we follow the tradition of applied general equilibrium modelling of the Walrasian static variety to study the empirical viability of a double dividend (green, welfare, and employment) in the Spanish economy. We consider a counterfactual scenario in which an ecotax is levied on the intermediate and final use of energy goods. Under a revenue neutral assumption, we evaluate the real ...

China has some unique institutional features. For example, the shares of listed firms are segmented into negotiable and nonnegotiable. The controlling shareholders, usually connected to the government, hold nonnegotiable shares. We examine how these institutional features affected cash dividend payments in China during the period 1994-2006. We find that, despite China’s unique institutional set...

We study the perpetual American call option pricing problem in a model of a financial market in which the firm issuing a risky asset can regulate the dividend rate by switching it between two constant values. The firm dividend policy is unknown for small investors who can only observe the prices available from the market. The asset price dynamics are described by a geometric Brownian motion wit...

Recent studies in Finance suggest dividends’ role as monitoring mechanism, which allows minority shareholders to control the managers or larger shareholders’ decisions. This paper tests this hypothesis on listed companies at Bucharest Stock Exchange, in 2000-2003 period, from the legislation perspective, but, also, using dividend ratios. Even the regulations and the enforcement of the law seem ...

Firm value is the success of company which often associated with stock prices. This study aims to analyze effect profitability on dividend policy, firm value, policy and as a mediator relationship between value. The population in this was 10 companies; sampling technique used purposive so that sample 9 companies obtained during period 2016 2021. analysis simple regression analysis, multiple ana...

The main objective of this paper is to determine whether ecological tax reform paradigm that hitherto is employed by a section of industrialized countries as an instrument of environmental management has possibilities of application in developing countries. This is an imperative consideration because of possibilities of diffusion, the need to approach global environmental issues from a global p...

This article considers the dividend optimization problem for an insurer with a jumpdiffusion risk process in the presence of fixed and proportional transaction costs. Due to the presence of a fixed transaction cost, the mathematical problem becomes an impulse stochastic control problem. Using a stochastic impulse control approach, we transform the stochastic control problem into a quasi-variati...