Dividend policy theory and practice
Dividend Policy explores the puzzle presented by dividends: irrational and subject to fashion, yet popular and desirable, they remain a priority among managers, even while perceived as largely symbolic. After exploring the history of dividend payments, from the emergence of the modern corporation to...
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| Otros Autores: | , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Amsterdam :
Boston : Academic Press
c2003.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009644289306719 |
Tabla de Contenidos:
- Front Cover; DIVIDEND POLICY THEORY AND PRACTICE; Copyright Page; Contents; Preface; Part I: The Historical Evolution of Dividends; Chapter 1. Introduction; References; Chapter 2. The Evolution of the Modern Corporation in the Netherlands and the United Kingdom; 2.1 Early Joint Stock Companies: Origins to 1720; 2.2 Revival of the Joint Stock Companies, 1800-1900; References; Chapter 3. The Evolution of the Modern Corporation in the United States of America; 3.1 From the Revolution to the End of the 18th Century; 3.2 The 19th Century; 3.3 The Early 20th Century
- 3.4 The Origins of No-par Stock Issues3.5 The Boom and the Bust; 3.6 Post-World War II; References; Chapter 4. 200 Years of Dividend Practices; 4.1 Introduction; 4.2 Dividend Patterns; 4.3 Dividend Reinvestment Plans (DRIPs); 4.4 Conclusion; References; Chapter 5. Dividend Reinvestment Plans: A Puzzle within the Puzzle; 5.1 Introduction; 5.2 DRIPs Literature; 5.3 DRIP Characteristics; 5.4 Conclusions; References; Chapter 6. Preferred Stock and Dividends: A Revealing Divergence; 6.1 The Origins of Preferred Stock; 6.2 The Maturation and Specialization of Preferred Stock; References
- Part II: The Evolution of Academic Research on Dividend PolicyChapter 7. Early Academic Thinking and Research; References; Chapter 8. Models of Symmetric Information and Empirical Research; 8.1 Theoretical Models; 8.2 Empirical Investigation of the Tax Effect on Dividends; References; Chapter 9. Models of Asymmetric Information and Empirical Research; 9.1 Signaling and "The Information Content of Dividend" Hypothesis; 9.2 Formal Signaling Models and Their Empirical Tests; 9.3 Empirical Tests of the Informational Content of the Dividend Hypothesis; 9.4 Agency Cost Theory
- 9.5 The Free Cash Flow HypothesisReferences; Chapter 10. Determinants of Dividend Policies; 10.1 Method of Analysis; 10.2 Empirical Results; 10.3 Summary and Conclusions; References; Appendix A; Appendix B: The Relationship Between DIV and FCASH; Part III: What Academic Research Proves and What It Does Not Prove; Chapter 11. The "Balance Sheet" of Academic Research: What It Does/Does Not Prove; 11.1 Method of Analysis; 11.2 Data; 11.3 Results; 11.4 Conclusions; References; Appendix A: Method of Analysis Abbreviations; Part IV: New Ways of Thinking About Dividends and Dividend Policy
- Chapter 12. Unconventional Explanations12.1 Managerial Surveys; 12.2 Theoretical Behavioral Models; References; Chapter 13. Dividend Policy of Regulated Industries; 13.1 Dividend Policy and Corporate Monitoring; 13.2 Real Estate Investment Trusts; 13.3 Summary; References; Chapter 14. What if We Do Not Pay Dividends?; References; Chapter 15. Other Methods of Distribution; 15.1 Stock Dividends and Stock Splits; 15.2 Stock Repurchase; 15.3 Greenmail; References; Appendix A: Stock Dividend Survey; Chapter 16. Conclusions: Future Research and Thinking; References; Index
