Results 21 to 30 of about 31,009 (233)
On the optimal dividend strategy in a regime-switching diffusion model [PDF]
, 2012 In this paper we consider the optimal dividend strategy under the diffusion model with regime switching. In contrast to the classical risk theory, the dividends can only be paid at the arrival times of a Poisson process.
Wang, R, Wei, J, Yang, H
core +1 more source
Asymmetric information, self-selection and pricing of insurance contracts: the simple no-claims case [PDF]
, 2013 This paper presents an optional bonus-malus contract based on a pri-ori risk classification of the underlying insurance contract. By inducing self-selection, the purchase of the bonus-malus contract can be used as a screening device.
Donnelly, Catherine +3 more
core +2 more sources
Cross-border Intra-group Hybrid Finance and International Taxation [PDF]
, 2010 In intra-group finance hybrid instruments allow for tailor-made form of finance. Hence hybrid finance is often used for international tax planning in multinational groups. Due to a lack of international tax harmonization or tax coordination qualification
Eberhartinger, Eva +2 more
core +1 more source
Stakeholding Through the Permanent Fund Dividend: Fitting Practice to Theory [PDF]
, 2012 Alaska’s Permanent Fund Dividend (PFD) is the United States’ most significant, if not its only attempted, experiment with universal asset policies.
Griffin, Christopher L., Jr.
core +3 more sources
Optimal financing and dividend distribution in a general diffusion model with regime switching [PDF]
, 2015 We study the optimal financing and dividend distribution problem with restricted dividend rates in a diffusion type surplus model where the drift and volatility coefficients are general functions of the level of surplus and the external environment ...
Yang, Hailiang, Zhu, Jinxia
core +2 more sources
Optimal Expected Utility of Dividend Payments with Proportional Reinsurance under VaR Constraints and Stochastic Interest Rate [PDF]
Journal of Function Spaces, 2020 In this paper, we consider the problem of maximizing the expected discounted utility of dividend payments for an insurance company taking into account the time value of ruin. We assume the preference of the insurer is of the CRRA form. The discounting factor is modeled as a geometric Brownian motion.
Yuzhen Wen, Chuancun Yin
openaire +2 more sources
Optimal dividend payments in the stochastic Ramsey model
Stochastic Processes and their Applications, 2010 This paper deals with the dividend payments of a self-financing firm in the stochastic Ramsey model. The firm's policy is the dividend payment per capital stock for shareholders. The author derived the stochastic integral equation for the dynamics of capital stock and treated the problem to maximize the expected total discounted dividends, subject to a
openaire +1 more source
Tax Policy and Farm Organization
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT The Tax Cuts and Jobs Act (TCJA) introduced substantial changes to the tax code, affecting farms' organizational incentives. This study examines farms' responses to the TCJA along extensive and intensive margins, focusing on organizational and labor expense adjustments.
Tia M. McDonald, Katherine Lacy
wiley +1 more source
Investor Perception of ESG in Earnings Calls
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how the communicator's role and the framing of ESG statements affect investor capital allocation in the context of earnings calls. Based on a virtual asset market experiment, the analysis identifies that the assurance and reinforcement of ESG messages have a positive effect of up to 8% on capital allocation, with especially
Felix Bachner
wiley +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines the role of managerial ability in driving environmental performance and overall environmental, social, and governance (ESG) ratings in the context of the European Union sustainability reporting regulations. Using a sample of 7242 firm‐year observations over the period 2015–2023, our results indicate a structural change in ...
Mihaela Ionașcu +2 more
wiley +1 more source