Results 91 to 100 of about 4,282,132 (297)
A Litner Model of Payout and Managerial Rents [PDF]
We develop a dynamic agency model where payout, investment and financing decisions are made by managers who attempt to maximize the rents they take from the firm, subject to a capital market constraint.
Bart M. Lambrecht, Stewart C. Myers
core
Managerial and Decision Economics, EarlyView.ABSTRACT Patent owners can sell a royalty interest in stages rather than all at once. This paper asks how much to sell now when claim values are uncertain, buyers are costly to reach, and patent expiry limits the time available. A decision model produces sale schedules that adjust to current value, the share retained, and time remaining.
Andreas Peters
wiley +1 more source
Al-Intaj, 2015 This study is performed to effect of earnings management, roe and company size of dividend payout ratio. The object of the research was service company (telecommunications, transportation, hospitality, tour and travel) which go public in indonesia.
Yosy arisandy
doaj +1 more source
Controlling shareholders and payout policy: Do founding families have a special "taste for dividends"? [PDF]
, 2010 Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders are predominant even among listed firms.
Schmid, Thomas +3 more
core
Sustainable Development, EarlyView.ABSTRACT This study investigates stakeholder perspectives on mobilising private‐sector finance for climate adaptation in Southeast Asia, emphasising Hong Kong's role as a financial intermediary. Through semi‐structured interviews with diverse stakeholders, including practitioners, policymakers, insurers, and project developers, we employed a grounded ...
Laurence L. Delina +4 more
wiley +1 more source
Payout Policy Relevance and Accounting‐based Valuation
Abacus, 2012 DeAngelo and DeAngelo (2006) (D&D) argue ‘payout policy is not irrelevant and investment is not the sole determinant of value, even in frictionless markets’. Consistent with this view, we argue that the concept of a perfect capital market in Miller and Modigliani (1961) (M&M) and Fama and Miller (1972) can be extended to allow for managerial ...
Clubb, Colin, Walker, Martin
openaire +4 more sources
Payout Taxes and the Allocation of Investment [PDF]
When corporate payout is taxed, internal equity (retained earnings) is cheaper than external equity (share issues). High taxes will favor firms who can finance internally.
Marcus Jacob, Bo Becker, Martin Jacob
core
Sustainable Development, EarlyView.ABSTRACT This study applies an agency‐theoretical lens to examine how investor heterogeneity, specifically institutional, foreign, and domestic ownership, influences corporate social responsibility (CSR) performance. Drawing on extensions of classical agency theory that account for heterogeneous shareholder preferences and principal‐principal conflicts,
Maximilian Focke
wiley +1 more source
The payout phase of pension systems : a comparison of five countries [PDF]
This paper provides a comparative summary of the payout phase of pension systems in five countries -- Australia, Chile, Denmark, Sweden, and Switzerland.
Rudolph, Heinz P. +2 more
core
The Mitigating Role of Managerial Ability in ESG Decoupling
Sustainable Development, EarlyView.ABSTRACT Does managerial competence widen or bridge the gap between environmental, social, and governance (ESG) disclosures and actual performance? This paper explores the relationship between CEO ability and corporate decoupling regarding sustainability issues.
Isabel‐María García‐Sánchez +3 more
wiley +1 more source