Dividends and Dividend Policy by H. Kent Baker(auth.)

By H. Kent Baker(auth.)

Dividends And Dividend coverage

As a part of the Robert W. Kolb sequence in Finance, Dividends and Dividend coverage goals to be the fundamental consultant to dividends and their impression on shareholder price. concerns touching on dividends and dividend coverage have constantly posed demanding situations to either teachers and execs. whereas every thing to the dividend puzzle is probably not in position but, the knowledge stumbled on right here can help achieve a company knowing of this dynamic self-discipline.

Comprising twenty-eight chapters—contributed through either best lecturers and fiscal specialists within the field—this well-rounded source discusses every little thing from company dividend judgements to the function behavioral finance performs in dividend coverage. alongside the way in which, you will achieve helpful insights into the historical past, tendencies, and determinants of dividends and dividend coverage, and realize the various ways organisations are taking by way of dividends.

even if you are a pro monetary specialist or simply starting your trip on the planet of finance, having an organization realizing of the problems surrounding dividends and dividend coverage is now extra vital than ever. With this ebook as your consultant, you can be ready to take advantage of educated dividend-related judgements possible—even within the such a lot difficult financial stipulations.

The Robert W. Kolb sequence in Finance is an extraordinary resource of data devoted to an important matters in smooth finance. each one booklet makes a speciality of a selected subject within the box of finance and comprises contributed chapters from either revered lecturers and skilled monetary professionals.Content:
Chapter 1 Dividends and Dividend coverage: an summary (pages 1–19): H. Kent Baker
Chapter 2 The historic Evolution of Dividends (pages 21–34): Erik Benrud
Chapter three tendencies in Dividends: Payers and Payouts (pages 35–54): Christian Andres, Andre Betzer, Luis Correia Da Silva and Marc Goergen
Chapter four components Influencing Dividends (pages 55–69): David Denis and Gohar Stepanyan
Chapter five Cross?Country Determinants of Payout coverage: ecu organizations (pages 71–93): Franck Bancel, Nalinaksha Bhattacharyya and Usha R. Mittoo
Chapter 6 Dividend Irrelevance conception (pages 95–113): James S. Ang and Stephen J. Ciccone
Chapter 7 Residual Dividend coverage (pages 115–126): David M. Smith
Chapter eight Taxes and customers results (pages 127–144): Samir Saadi and Shantanu Dutta
Chapter nine supplier expenditures and the loose money circulate speculation (pages 145–161): Tarun Mukherjee
Chapter 10 uneven info and Signaling concept (pages 163–177): Greg Filbeck
Chapter eleven Behavioral factors of Dividends (pages 179–199): Hersh Shefrin
Chapter 12 The enterprise existence Cycle thought of Dividends (pages 201–213): Laarni T. Bulan and Narayanan Subramanian
Chapter thirteen The Catering conception of Dividends (pages 215–238): Margot De Rooij and Luc Renneboog
Chapter 14 inventory Repurchases: concept and facts, half 1 (pages 239–260): Jim Hsieh and Qinghai Wang
Chapter 15 inventory Repurchases: thought and facts, half 2 (pages 261–273): Jim Hsieh and Qinghai Wang
Chapter sixteen inventory Repurchases and Dividends: Trade?Offs and developments (pages 275–290): Bradford Cornell
Chapter 17 Beating the marketplace with proportion Buybacks (pages 291–306): Theo Vermaelen
Chapter 18 specified Dividends (pages 307–323): Michael Gombola and Feng?Ying Liu
Chapter 19 inventory Splits, inventory Dividends, and opposite inventory Splits (pages 325–341): David Michayluk
Chapter 20 Dividend Reinvestment Plans (pages 343–361): Wei He
Chapter 21 funds Dividends and inventory Repurchases (pages 363–383): Gary E. Powell
Chapter 22 inventory Splits, inventory Dividends, and Dividend Reinvestment Plans (pages 385–403): Halil Kiymaz
Chapter 23 Why person traders wish Dividends (pages 405–420): Ming Dong, Chris Robinson and Chris Veld
Chapter 24 Why agencies start Paying Dividends: price, progress, and lifestyles Cycle results (pages 421–445): Neil Fargher and Robert A. Weigand
Chapter 25 Dividend coverage and company Governance (pages 447–462): Shantanu Dutta and Samir Saadi
Chapter 26 Dividend coverage in Regulated Industries (pages 463–479): Ross Dickens
Chapter 27 Dividend coverage in a world viewpoint (pages 481–498): Marc Goergen and Luc Renneboog
Chapter 28 Dividend coverage in rising Markets (pages 499–525): P. C. Kumar and Michel A. gown

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By 1890, the skill of the Board of Trade had increased to accommodate that demand for information (Todd, 1932). According to Hawkins (1963, p. ” This demand would explain the appearance of the Dow Jones Industrial Average and the publication of Moody’s Industrial Security around this time. DIVIDENDS IN THE TWENTIETH AND TWENTY-FIRST CENTURIES Navin and Sears (1955, p. ” The basic principles of the modern corporation had taken shape. Dividend policies continued to vary over time, with both upward and downward trends in dividend payouts, and researchers have debated the causes of the trends in dividend payouts.

American Economic Review 46:2, 97–113. Miller, Merton H. 1986. ” Journal of Business 59:4, S451–S468. , and Franco Modigliani. 1961. ” Journal of Business 34:4, 411–433. Miller, Merton, and Myron Scholes. 1978. ” Journal of Financial Economics 6:4, 333–364. Miller, Merton, and Myron Scholes. 1982. ” Journal of Political Economy 90:6, 1118–1141. , and Lawrence J. Gitman. 1991. S. ” Financial Review 26:3, 409–430. , and Meir Statman. 1984. ” Journal of Financial Economics 13:2, 253–282. Williams, John Burr.

Economic Journal 58:230, 271–275. , and Bob G. Wood, Jr. 1997. ” Journal of Financial Education 23:1, 16–33. , and Bob G. Wood, Jr. 2003. Dividend Policy: Theory and Practice. San Diego, CA: Academic Press. Guthman, Harry G. 1940. ” Econometrica 8:4, 354–356. Harris, Ron. 2000. Industrializing English Law: Entrepreneurship and Business Organization, 1720–1844. Cambridge: Cambridge University Press. Hawkins, David. 1963. ” Business History Review 37:3, 135–168. Hunt, Bishop. 1936. The Development of the Business Corporation in England, 1800–1867.

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