The main issue writer examines in this writing is to analyze whether or not dividend policy is a determinant to maintain stock values or firm values as a whole. It is essential that dividend policy is managed properly to enhance the satisfaction of the investors at any level of characteristics. At the end, investors are the key that determines the stock value movement. Some investors are lookin...

We consider in this paper the optimal dividend problem for an insurance company whose uncontrolled reserve process evolves as a classical Cramér–Lundberg model with arbitrary claim-size distribution. Our objective is to find the dividend payment policy which maximizes the cumulative expected discounted dividend pay-outs until the time of bankruptcy imposing a ceiling on the dividend rates. We c...

Publicly listed real estate firms offer an indirect form of real estate investment in Singapore, which are a less restrictive in terms of dividend distribution and asset holding requirements compared to the REITs. Do the dividend policies of these real estate firms differ from those adopted by the US REITs as shown in the earlier findings by Wang, Erickson and Gau (1993) and Bradley, Capozza an...

We develop new tests of the dividend signaling hypothesis by focusing on the role of liquidity. We allow for two different types of signaling models: one where current dividends signal firm value and the objective is to prevent current dilution, and the other where commitments to future dividends constitute the signal. We find that the results differ by the sign of the dividend surprise. Signal...

The study is an effort to fiind out the impact of earnings management on dividend payout policy for two coutries that is Pakistan and China. A set of listed Companies in both of the countries have been investigated to analyze the relationship for the year 2003 to 2007 in Pakistan and 2001 to 2007 in China. Dividend policy has been measured by dividend payout. Whereas earnings management has bee...

We propose a generalized framework for the modeling of tradeable securities with dividends which are not necessarily cash dividends at fixed times or continuously paid dividends. In our setup the dividend processes are only required to be semi-martingales. We give a definition of self-financing replication which incorporates dividend processes, and we show how this allows us to translate standa...

the study investigated the loan repayment, its determinants and socio-economic characteristics of microfinance loan beneficiaries in the southeast states of nigeria. it was carried out in three states of the five southeast states. using a multistage sampling technique, a total of 144 loan beneficiaries in the three segments of mfis, namely; formal (commercial and development banks); semi-formal...

The issue of dividend payout in certain companies called the puzzle raises a number research issues that can be studied detail at various levels. However, this study aims to determine factors affecting determinants utilities sector such as debt, cash flows, investment, and growth. A total 12 listed companies’ data over 3 years 2017-2019 is used analysed using fixed-effect model. findings underl...