Optimal Dividend Distribution Under Drawdown and Ratcheting Constraints on Dividend Rates
, 2019 We consider the optimal dividend problem under a habit formation constraint that prevents the dividend rate to fall below a certain proportion of its historical maximum, the so-called drawdown constraint. This is an extension of the optimal Duesenberry's
Angoshtari, Bahman +2 more
core +1 more source
Optimal Dividend and Capital Injection Strategies in the Cramér-Lundberg Risk Model
, 2015 We discuss the optimal dividend and capital injection strategies in the Cramer-Lundberg risk model. The value function is defined by maximizing the discounted value of the dividend payment minus the penalized discounted capital injection until the time ...
Yan Li, Guoxin Liu
semanticscholar +1 more source
Optimal Dividend Payout Model with Risk Sensitive Preferences
, 2017 We consider a discrete-time dividend payout problem with risk sensitive shareholders. It is assumed that they are equipped with a risk aversion coefficient and construct their discounted payoff with the help of the exponential premium principle.
Bäuerle, Nicole, Jaśkiewicz, Anna
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Minimum Guaranteed Payments and Costly Cancellation Rights: A Stopping Game Perspective [PDF]
We consider the valuation and optimal exercise policy of a δ- penalty minimum guaranteed payment option in the case where the value of the underlying dividend-paying asset follows a linear diffusion.
Luis H. R. Alvarez E.
core
On Steady Dividend Payment under Functional Mean Reversion Speed
, 2016 We study how firms’ management can ensure steady dividend growth and payout to the share-holders in an emerging market. We create the dividend equalization reserve account whereby during high profit some amount of money is kept in order to top up ...
A. P. Mtunya +2 more
semanticscholar +1 more source
Regularity of the Exercise Boundary for American Put Options on Assets with Discrete Dividends [PDF]
We analyze the regularity of the optimal exercise boundary for the American Put option when the underlying asset pays a discrete dividend at a known time $t_d$ during the lifetime of the option.
Benjamin Jourdain, Michel Vellekoop
core
Information Asymmetry, Corporate Debt Financing and Optimal Investment Decisions: A Reduced Form Approach [PDF]
Under the assumption of information asymmetry between market investors and firm managers, a reduced form model of a firm is developed in order to derive optimal investment strategies and capital structures while taking into account the effects of ...
H. Vincent Poor, Li Chen
core
Dividend policy and crisis: Exploring the interplay between performance and financial constraints in the French context. [PDF]
Heliyon, 2023 Theiri S, Ben Hamad S, Ben Amor M.
europepmc +1 more source
Pricing and dividend policies in open credit cooperatives [PDF]
This paper develops an integrated model of pricing and dividend policies in open credit cooperatives (those that do business with members and non-members on a non-discriminatory basis).
Frank A. Schmid, William R. Emmons
core
The Potential Role For CDFIs in the Opportunity Zones of the Investing in Opportunities Act (IIOA) [PDF]
, 2019 The Opportunity Zones legislation was designed to mobilize new levels of capital into low- and moderate-income (LMI) communities – areas that have historically been overlooked and underserved by mainstream capital markets.
Swack, Michael, Tansey, Charles
core +1 more source