This paper derives the optimal debt ratio and dividend payment strategies for an insurance company. Taking into account the impact of reinsurance policies and claims from the credit derivatives, the surplus process is stochastic that is jointly determined by the reinsurance strategies, debt levels, and unanticipated shocks. The objective is to maximize the total expected discounted utility of d...

Abstract- The purpose of study is to understand the dominan determinants factor which debt asset ratio, current dividend payout ratio and firm size that will influence value in consumer goods companies Indonesia. To able maintain dan increase Indonesia economic growth, Investment consumption are two main contributor sustainable growth seek for more understanding determinant could support invest...

information asymmetry in stock market can increase the risk of investment which in turn increases the capital cost of firms. bhattacharya (1979) proposed a hypothesis that states dividend can act as a powerful signal in order to solve information asymmetry problem. we measured information asymmetry by lack of earnings transparency. therefore we examine the effect of earnings transparency on cap...

A weighted replicator dynamic describes how agents switch between a forecast based on fundamentals, a rational bubble forecast and a re‡ective forecast, a weighted average of the former two. If the innovations to the extraneous martingale have a similar magnitude to those of the dividend process and agents are su¢ ciently aggressive in switching forecasting strategies, a signi…cant portion of t...

dividend policy has long been an issue of interest in the financial literature. to date, a number of studies published on agency costs and dividend policy but most of them are on developed markets, it is well known that the emerging markets are quite different from developed markets in all respects. so, the existing published evidence is of limited relevance in identifying the influence of agen...

<p>The inconsistent distribution of dividends is a unique phenomenon and it needs to be examined. Therefore, the purpose this study examine ten predictors affecting dividend policy dividends. This used purposive sampling method analyze data that were obtained from total sample 133 observation objects collected in 19 real estates, property, building construction companies listed on IDX Bet...