Effects of dividend policy on corporate financial growth, is a major concern of most entities. Whether dividends have an influence on the value of the firm, is an important question in dividend policy. This study aimed at investigating the effects of dividend policy on financial growth of media firms. The study was conducted in Nairobi at The Nation media Group Headquarters. Respondents were se...

Of primary importance to the investor in corporate shares is the dividend return. But many a purchaser of shares has other dominant interests. He may desire merely to qualify to be a director. He may be a "pirate" and contenplate a particular suit which he can institute only as a shareholder. He may hope to acquire the right of a shareholder to examine the stock ledger or other books or records...

Financial regulation imposes equity buffers on banks by restricting dividends. This paper studies constrained-efficient dividend policy when fund loans with and debt. In the model, bank shareholders consider costly a bank’s access to debt depends its shareholder value. response loan losses cut dividends, but eventually defer dividends too much. They do not internalize that commitment higher (an...

Article history: Received 7 January 2010 Accepted 13 August 2010 Available online 21 August 2010 This paper simultaneously analyses optimal dividend, debt and investment policy within a conventional multi-period DCF framework, and takes account of differential personal taxation over both investors and types of income, the effect of dividends and interest on the level of share issues and hence s...

This paper employs the state-space model to reexamine the fundamental issue in finance about whether it is the expected returns or the expected dividends growth that is primarily responsible for the stock price variations. We use Bayesian methods to conduct inference and show that there is a substantial uncertainty about the contributions of expected returns and expected dividends to the fluctu...