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Pigou's Dividend Versus Ramsey's Dividend in the Double Dividend Literature [PDF]
SSRN Electronic Journal, 2006 This paper deals with the welfare analysis of green tax reforms. The aims of this paper are to highlight misinterpretations of policy assessments in the double dividend literature, to specify which of the efficiency costs and benefits should be ascribed to each dividend, and then, to propose a definition for the first dividend and the second dividend ...
: Eduardo L. Giménez (a) +1 more
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Dividend Announcements Reconsidered: Dividend Changes versus Dividend Surprises [PDF]
SSRN Electronic Journal, 2011 This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the difference between the actual dividend and the analyst consensus forecast as obtained from I/B/E/S as a proxy for the
Andres, Christian +4 more
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SSRN Electronic Journal, 2019 Abstract This paper studies why investors buy dividend-paying assets and how they time consumption accordingly. We combine administrative bank data linking customers’ consumption and income to portfolio data and survey responses on financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors
Bräuer, Konstantin +2 more
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Is the Demographic Dividend an Education Dividend? [PDF]
Demography, 2013 AbstractThe effect of changes in age structure on economic growth has been widely studied in the demography and population economics literature. The beneficial effect of changes in age structure after a decrease in fertility has become known as the “demographic dividend.” In this article, we reassess the empirical evidence on the associations among ...
Crespo Cuaresma, J. +2 more
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Dividend guidance to manage analyst dividend expectations [PDF]
International Review of Financial Analysis, 2018 Using a sample of dividend payers from 12 European countries, we document that managers guide analyst dividend expectations to avoid reporting dividends below the consensus forecast. Specifically, we show that dividend guidance predicts (1) a substantial reduction in analyst dividend forecast optimism over the course of the fiscal year and (2) that a ...
Bilinski, P., Lyssimachou, D.
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The Impact of Dividends’ Policy on the Cost of Equity of Enea S.A. [PDF]
, 2015 The article is an attempt to depict the procedures and regulations accompanying the policy of dividends in a company with a particular emphasis which is put on Enea S.A.
Wrycol, Anna
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SSRN Electronic Journal, 2014 Dividend derivatives are not simply a by-product of equity derivatives. They constitute a distinct growing market and an entire suite of dividend derivatives are offered to investors. In this paper we look at two potential models for equity index dividends and discuss their theoretical and practical merits.
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, 2020 We consider the general class of spectrally positive L\'evy risk processes, which are appropriate for businesses with continuous expenses and lump sum gains whose timing and sizes are stochastic. Motivated by the fact that dividends cannot be paid at any
Avanzi, Benjamin +2 more
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Convexity of ruin probability and optimal dividend strategies for a general Levy process [PDF]
, 2014 In this paper, we consider the optimal dividends problem for a company whose cash reserves follow a general Levy process with certain positive jumps and arbitrary negative jumps.
Shen, Ying +2 more
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POTENTIAL DIVIDENDS AND ACTUAL CASH FLOW. A REGIONAL LATIN AMERICAN ANALYSIS [PDF]
We examine the value market assigns to components of the cash flow to equity including potential dividends. We study non financial publicly traded firms from five Latin American countries.
DAVID ANDRÉS LONDOÑO BEDOYA +3 more
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