Using more than 112,000 firm-year observations in 33 countries, we find that two Hofstede’s cultural dimensions, uncertainty avoidance and long-term orientation, remain significant in the determination of dividend policy even after controlling for governance and firm-specific factors. When uncertainty avoidance is high, only firms in countries with stronger investor protection pay more dividend...

We consider the optimal dividends problem for a company whose cash reserves follow a general Lévy process with certain positive jumps and arbitrary negative jumps. The objective is to find a policy which maximizes the expected discounted dividends until the time of ruin. Under appropriate conditions, we use some recent results in the theory of potential analysis of subordinators to obtain the c...

We study the expected time to ruin in a risk process in which dividends are paid when the surplus is above the barrier. We consider the case in which the dividend rate is smaller than the premium rate. We obtain results for the classical compound Poisson risk process with phase-type claim size. When the ruin probability is 1, we derive the expected time to ruin and the expected dividends paid. ...

The purpose of this study is to empirically examine the effect operating cash flow and earnings on stock returns dividends/cash dividends. This uses independent variables, namely profit, dependent variable research sample was taken from basic chemical industrial companies listed Indonesian exchange. Sampling done by using purposive sampling method. data collected secondary official website Indo...

This study empirically examines the relationship between corporate sustainable management (CSM) and dividend policy. Among various motivations related to dividends, this CSM policy based on agency signaling theory. After examining policy, we investigate whether belonging a large business group (chaebol group) has significant effect The analysis period is from 2011 2018, ESG ratings of Korea Cor...