The purpose of this study is to know the effect liquidity, investment opportunity set, free cash flow, and state-owned enterprise on dividend policy bank companies listed Indonesia Stock Exchange (IDX) in 2011-2021. This uses a purposive sampling technique determine research sample. number selected by predetermined sample criteria 8 from 46 IDX sector. In study, an analytical test was conducted...

Dividend has been a matter of concern since the concept limited liability firms came to existence. The uncertainty regarding dividend policy is supposed hunker down unless we move away from whack-a-mole approach long-winded solution problem policy. issue gets exacerbated because inclination towards valuation by people who call shots in firms. This paper explores association with rising NPAs Ind...

This study looks at the influence of corporate governance and liquidity on dividend policy in utilities, infrastructure transportation sector companies listed Indonesia Stock Exchange 2018-2020. Corporate plays a role protecting interests business people company related to dividends. uses secondary data with purposive sampling technique produces 14 42 research data. Descriptive analysis methods...

This study investigates empirically the value investors place in excess cash holdingand how managerial ability impact on the value of cash holding for Iranianfirms from 2006 to 2014. In this research, managerial ability calculated by usingthe data envelopment analysis (DEA). Following the approach of Faulkender andWang, we find that the relation between managerial ability and value of cash hold...

This study focuses on the intraday relative timing of same day announcements of earnings and dividends. The price effects of three timing patterns are examined: (a) both earnings and dividends announced after the close of trading, (b) dividends announced before and earnings announced after the close of trading, and (c) earnings announced before and dividends announced after the close of trading...

In many applications of cooperative game theory to economic allocation problems, such as river games, polluted river games and sequencing games, the game is totally positive (i.e., all dividends are nonnegative), and there is some ordering on the set of the players. A totally positive game has a nonempty core. In this paper we introduce constrained core solutions for totally positive games with...

Discounted cash flow (DCF) is the most accepted approach for company valuation. It is well grounded in theory and practice. However, the DCF approach, which is commonly used for traditional companies valuation, presents a number of serious weaknesses within the Internet companies’ context. One of these weaknesses is tackling the uncertainty that characterize future cash flows of these companies...

In this note we value and hedge European options on assets paying discrete stochastic dividends. Our hedging strategy is based only on the underlying asset, risk-free bonds and dividend strips. Our simple strategy is easily seen to be compatible with early results based, among other things, on the existence of a dividend forward contract. Such contracts, however, are not traded in the market pl...

The introduction of carbon charges on the use of fossil fuels in China would have a progressive impact on income distribution. This outcome, which contrasts to the regressive distributional impact found in most studies of carbon charges in industrialized countries, is driven primarily by differences between urban and rural expenditure patterns. If carbon revenues were recycled on an equal per c...

This paper develops a monthly cash budget modeled in Excel to illustrate how a spreadsheet simulation analysis can be performed to directly incorporate uncertainty in both sales and collection patterns to determine cash balances. The paper provides a numerical example, formulas as well as assumptions for a cash budget extending from January through December. It also describes how to perform a s...