Dynamic job shop scheduling research has previously assumed that the probability of the customer placing an order is always one, implying that customers will place orders regardless of lead times quoted from the producer and customer lead time expectations. As firms increasingly compete on the basis of the delivery speed and reputation, the relative performance of quoted versus actual realized ...

This study shows the payment of cash dividends is not necessary for successful corporatefinancial management in mature firms. A mature company in a mature industry, theCrown Cork and Seal Company did not pay any common dividends over a 33-yearperiod. Instead, the firm used stock repurchases flexibly to manage the challenges ofdeclining industry growth potential. Crown’s share re...

This study shows that individual investors prefer to invest in high dividend yield stocks and in dividendpaying firms whereas relatively lower-taxed institutional investors tend to prefer low dividend yield stocks and non-paying firms. Consistent with Brennan and Thakor’s [Brennan, M. J., & A. V. Thakor. (1990). Shareholder preferences and dividend policy. Journal of Finance, 45, 993–1018] adve...

We compute the value of a firm that pays its cash flows each period through share repurchases in a dynamic environment where personal taxes are paid on realized capital gains and dividends. These results provide a measure of the personal tax advantages of equity financing relative to debt financing, which are often cited as increasing the cost of debt. The initial price of the firm depends on t...

Abstract We derive a consistent valuation approach that integrates the interdependent effects of cash dividends, share repurchases and active debt management while considering personal taxes. The is based on assumption predetermined proportion flow to equity used for instead dividends. Additionally, we examine cost by deriving appropriate adjustment formulae. Furthermore, run simulations invest...

Overall customer satisfaction for industrial buyers is correlated with repurchase intentions. Components of overall satisfaction include satisfaction with the product (offering), satisfaction with the vendor's performance, and interpersonal satisfaction (satisfaction with the relationship with the salesperson). Research shows that industrial buyers evaluate components of satisfaction non-unifor...