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Dissertations / Theses on the topic 'Dividends'

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1

Unlu, Emre. "Three essays on dividend and payout policy." Diss., Columbia, Mo. : University of Missouri-Columbia, 2007. http://hdl.handle.net/10355/5949.

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Thesis (Ph. D.)--University of Missouri-Columbia, 2007.<br>The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on March 20, 2009) Vita. Includes bibliographical references.
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2

Al-Malkawi, Husam-Aladin Nizar Y., University of Western Sydney, College of Law and Business, and School of Economics and Finance. "Dividend policy of publicly quoted companies in emerging markets : the case of Jordan." THESIS_CLAB_EFI_Al-Malkawi_H.xml, 2005. http://handle.uws.edu.au:8081/1959.7/819.

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The determinants of corporate dividend policy remain controversial despite half a century of active research. Over that time a number of competing theories of dividend policy have been proposed, but no consensus has been reached about their explanatory power. This thesis examines the determinants of dividend policy of publicly quoted companies in Jordan as a case study of an emerging market. The study uses a firm-level panel data set of all publicly traded firms on the Ammam Stock Exchange between 1989 and 2000. Nine research hypotheses are developed, which are used to represent the main theor
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3

Chui, Alice Pui Ling. "Taxation and dividends." Thesis, University of Manchester, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.629932.

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This research investigates the influence of personal taxes on the valuation of dividends in the UK. Hitherto most empirical studies on personal taxes and dividends have used US data with conflicting and inconclusive results. UK data has more potential for illuminating the issue because the UK has had several substantial reforms in tax policy. The empirical models tested by this study are derived from a well-defined theoretical version of the capital asset pricing model incorporating personal taxes. The research also attempts to overcome some of the difficulties encountered in constructing a we
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4

Börjesson, Erik, and Harald Lindström. "The Value of Dividends : The effect of dividend exposure on stock returns." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-389411.

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This paper aims to examine if firms listed on Nasdaq Stockholm with dividend exposure yield higher risk-adjusted returns than firms without dividend exposure. Using a data set consisting of observations between 2000-2017 we test the difference in mean risk-adjusted return, measured by the Sharpe ratio, between securities with different levels of dividend exposure. We divide our sample into portfolios, categorized in the first stage independently of investment style, size and book-to-market ratio, and in the second stage on dividend exposure, that are regrouped annually. We measure the performa
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5

Zagonel, Timóteo. "Política de dividendos, tributação e governança corporativa no Brasil." reponame:Biblioteca Digital de Teses e Dissertações da UFRGS, 2013. http://hdl.handle.net/10183/72819.

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Esta pesquisa busca analisar a influência da tributação e da governança corporativa sobre as políticas de dividendos das companhias de capital aberto brasileiras no período de 1986 a 2011, através de estimações Probit e Tobit com dados em painel. Particularmente no Brasil houve diversas mudanças na legislação tributária dentro do período analisado, sendo assim uma boa oportunidade para esse estudo. Os resultados empíricos sugerem que: a) quando houve aumento no Lucro Por Ação, o percentual do lucro distribuído em forma de proventos foi maior nos períodos em que não houve incidência de tributaç
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6

Jahanzeb, Danish, Gunnar Jönsson, and Joakim Eriksson. "Signals from the financial crisis : A study based on the effects of dividends signaling during the financial crisis on the Swedish Stock Exchange." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-176756.

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7

Fernandez, Perretti Gizelle. "Contemporary Aspects of Dividends: Before and During the Financial Crisis." FIU Digital Commons, 2011. http://digitalcommons.fiu.edu/etd/451.

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The number of dividend paying firms has been on the decline since the popularity of stock repurchases in the 1980s, and the recent financial crisis has brought about a wave of dividend reductions and omissions. This dissertation examined the U.S. firms and American Depository Receipts that are listed on the U.S. equity exchanges according to their dividend paying history in the previous twelve quarters. While accounting for the state of the economy, the firm’s size, profitability, earned equity, and growth opportunities, it determines whether or not the firm will pay a dividend in the next qua
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8

Tsai, Chun-Li. "Why are dividends sticky?" Texas A&M University, 2005. http://hdl.handle.net/1969.1/2698.

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This dissertation investigates the sluggish adjustment process of dividend payment in the stock market. First, I focus on the individual stocks. A casual investigation of observed dividends for individual stocks shows dividend adjustments are sluggish and discrete; this is not consistent with the Lintner??s stylized fact (1956) in which dividend adjustments are assumed to change continuously. Thus, I examine three possible explanations to account for dividend stickiness and discreteness: menu-costs (i.e. a constant adjustment cost), decision-making delays, and dividend adjustment asymmetry. I
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9

Lai, Evelyn. "The Valuation of Dividends." Thesis, University of Sydney, 2020. https://hdl.handle.net/2123/24121.

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Much research has been done in relation to the market value of dividends, but this remains a debatable issue. In the Australian context, where relevant dividends have imputation tax credits attached, another unresolved issue is how much, if anything, these credits add to the market value of dividends. This thesis presents three experiments that provide evidence on these issues, with a focus on obtaining clean measurements of the value of dividends. The first experiment estimates the market value of distributions stemming from listed trusts traded on the Australian Securities Exchange. Trust
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10

Lai, Evelyn. "The Valuation of Dividends." Thesis, University of Sydney, 2020. https://hdl.handle.net/2123/24301.

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Much research has been done in relation to the market value of dividends, but this remains a debatable issue. In the Australian context, where relevant dividends have imputation tax credits attached, another unresolved issue is how much, if anything, these credits add to the market value of dividends. This thesis presents three experiments that provide evidence on these issues, with a focus on obtaining clean measurements of the value of dividends. The first experiment estimates the market value of distributions stemming from listed trusts traded on the Australian Securities Exchange. Trust
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11

Wong, Kit-ming Nelson. "A study of dividend policies and behaviours of major Hong Kong companies /." [Hong Kong : University of Hong Kong], 1985. http://sunzi.lib.hku.hk/hkuto/record.jsp?B12317688.

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12

Nováček, Jakub. "Vybrané strategie burzovních obchodů." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-71766.

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This thesis presents two different types of stock trading for a small investor. First described method focuses on stocks from abroad, where with the help of technical analysis a portfolio is constructed. This portfolio is to be traded with the strategy of pair trading or sometimes also called statistical arbitrage. This method is not very well known, so the thesis gives enough space to explain how the system exactly works. Second strategy puts focus on stocks from Prague Stock Exchange and their trading as dividend stocks. Unlike the first strategy, this one presents the fundamental analysis a
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13

Downie, David C. "Dividends, taxes and investor clienteles." Thesis, University of British Columbia, 1988. http://hdl.handle.net/2429/27695.

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This thesis explores two facets of the Miller-Modigliani theorem; dividend irrelevance and value additivity. We explore these concepts in the capital market using a derivative asset recently introduced and a Black-Scholes option pricing model modified for different marginal tax rates. This technology was used to solve for the retention rates for dividend and capital gains implied in these instruments. These implied rates do not support the Miller-Modigliani hypothesis for Canada nor the United States. We find a significant, persistent premia on dividend income consistent with the clientele hyp
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14

Ellis, Edlynn Cecelia. "The impact of the taxation of dividends on the dividend policy of South African companies." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/18152.

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Thesis (MBA)--Stellenbosch University, 2008.<br>This study investigated whether the way in which dividends are taxed in South Africa, with the introduction of Secondary Tax on Companies (STC) in 1993, together with the extensive piece of legislation which incorporates dividends, has a negative impact on the total amount of dividends paid by companies listed on the Johannesburg Stock Exchange for the period from 1993 to 2006. The Wilcoxon Signed Ranked test was employed to compare the difference in total dividends declared, effective from 1993 and repeated for 1995. The results of the ne
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15

Seiler, Yvonne. "Konsum, Dividenden und Aktienmarkt eine Kointegrationsanalyse /." Wiesbaden [Germany] : Deutscher Universitäts-Verlag, 2006. http://www.myilibrary.com?id=111440.

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16

Ferreira, Ana Margarida dos Santos Simões. "Capital structure and dividends : evidence from Portugal (2003-2014)." Master's thesis, Instituto Superior de Economia e Gestão, 2015. http://hdl.handle.net/10400.5/11881.

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Mestrado em Finanças<br>O objetivo deste trabalho é replicar o estudo da Fama e French (2002) a sobre da estrutura de capital e as conexões entre rentabilidade, investimentos e volatilidade com a distribuição de dividendos e alavancagem no caso Português. O nosso proposito é analisar a relação entre a estrutura de capital, dividendos e juros sobre o capital próprio, utilizando as empresas portuguesas negociadas na Euronext, para o período entre 2003 e 2014.<br>The goal of this dissertation is to use the Portuguese case to replicate the study of Fama & French (2002) regarding the capital struct
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17

Forti, Cristiano Augusto Borges. "Bank dividends and signaling to information-sensitive depositors." reponame:Repositório Institucional do FGV, 2012. http://hdl.handle.net/10438/10518.

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Senakosava, Hanna. "Dividends and risks in banks : An investigation of a relationship between dividends and risks in Nordic banks." Thesis, Umeå universitet, Företagsekonomi, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-110641.

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Banks represent one of the most important parts of the economy in the world. As a result, decisions of bank management affect not just the direct bank stakeholders but the state of the economy and society as a whole. This became evident during the latest financial crisis in 2007 where the failure of one bank resulted in the domino falling that affected banks globally. The regulators increase their attention to the risks that bank face and their measures and requirements. Therefore, the research within the banking area has important consequences from both theoretical and practical side.   The p
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19

Jurčiukonienė, Aridana. "Europos Teisingumo Teismo jurisprudencija tiesioginių mokesčių srityje." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2008. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2007~D_20080125_100354-75017.

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Magistro baigiamuoju darbu „Europos Teisingumo Teismo jurisprudencija tiesioginių mokesčių srityje” siekiama atskleisti svarbiausias Europos Teisingumo Teismo suformuluotas Europos Bendrijos steigimo sutarties interpretavimo tiesioginių mokesčių srityje taisykles. Autorė trumpai pristato pagrindinius tiesioginių mokesčių ir netiesioginių mokesčių atribojimo kriterijus, apžvelgia, kokiomis Europos Bendrijos sutarties nuostatomis vadovaujantis Europos Sąjungos institucijos yra kompetentingos priimti teisės aktus tiesioginių mokesčių srityje, detaliai analizuoja Europos Bendrijos sutartyje įtvirt
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20

Zhao, Yanan, and Rikard Wahlström. "Are unsustainable dividend-payers punished by the market? Evidence from Swedish firms." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-386392.

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We examine the phenomenon of firms that distribute dividends in excess of reported earnings, that is, 'unsustainable dividend-payers' in the Swedish market. Our hypothesis is that these firms will experience lower abnormal returns compared to their counterparts in both short and long term. With a dataset of 2061 observations from Nasdaq Stockholm and Nordic Growth Market during the period 1999-2017, we find that the abnormal returns are higher for unsustainable dividend-payers in the short term, while in the long run the result is on the opposite. Moreover, we find that the larger the differen
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21

Durand, Ilanie. "Die rekeningkundige verantwoording van skripdividendskemas in Suid-Afrika." Thesis, Stellenbosch : Stellenbosch University, 2001. http://hdl.handle.net/10019.1/52220.

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Thesis (MAcc)--Stellenbosch University, 2001.<br>ENGLISH ABSTRACT: Scrip dividends have become increasingly popular in South Africa SInce the introduction of secondary tax on companies (STC) in the 1993 budget. There is more than one approach to the treatment of scrip dividend schemes for accounting purposes, i.e. the reinvestment approach and the capitalisation issue approach. Unfortunately guidance in the form of a statement or guideline from the South African Institute of Chartered Accountants has not been forthcoming. Companies in the United States of America account for stock divid
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22

Cason, Janine. "An evaluation of the preparations made for the successful implementation of dividends tax." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/26830.

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Preparing for the implementation of any new tax is a mammoth task. This mammoth task was evident when the National Treasury, SARS, companies, professional bodies, industry bodies and advisory organisations alike were preparing for the introduction of the new dividend tax in South Africa. The preparations included extensive consultations, sharing of information and providing guidance in newsletters, journals, guidance notes, websites, blogs, magazines, news papers and the like. Companies, Regulated Intermediaries and shareholders do not only have to be informed of the legislative changes, they
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23

Fernandez, Luciana Lopes Castro e. Silva. "Qual a influência da política de dividendos brasileira na capacidade das empresas LTDA de captarem recursos para investimento próprio?" reponame:Repositório Institucional do FGV, 2017. http://hdl.handle.net/10438/19501.

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Submitted by Luciana Fernandez (lucianalopescsf@gmail.com) on 2017-12-19T22:08:09Z No. of bitstreams: 1 Dissertação - Luciana Lopes - FGV MEX 2017 final.pdf: 9572334 bytes, checksum: c289a6af3459a55d5724d697acf092aa (MD5)<br>Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2017-12-20T11:29:15Z (GMT) No. of bitstreams: 1 Dissertação - Luciana Lopes - FGV MEX 2017 final.pdf: 9572334 bytes, checksum: c289a6af3459a55d5724d697acf092aa (MD5)<br>Made available in DSpace on 2017-12-26T18:37:16Z (GMT). No. of bitstreams: 1 Dissertação - Luciana Lopes - FGV
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Ruddock, Caitlin Maxine Swanson Accounting Australian School of Business UNSW. "The informativeness of dividends and franking credits." Awarded by:University of New South Wales. Accounting, 2007. http://handle.unsw.edu.au/1959.4/29443.

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In this thesis I investigate whether two clear and simple indicators, dividends and franking credits, provide users with useful information to assess earnings persistence. Persistence is an important attribute of earnings (Dechow and Schrand 2004). I argue and show earnings persistence is a function of firm life-cycle. Firms can generally be divided into three life stages: establishing profitability, sustainable profitability and declining profitability. Using a simple one-period persistence model I demonstrate that dividends and higher franking credits identify firms in the different stages o
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ALMEIDA, REGINA ANTUNES PEREIRA. "PRICING OF REAL OPTIONS WITH FIXED DIVIDENDS." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2012. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=20360@1.

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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO<br>Opções cujo ativo base paga dividendos devem ser apreçadas de maneira particular. Se os dividendos forem calculados como um percentual do valor de mercado do ativo, pequenos ajustes nos modelos como BSM e Método Binomial são suficientes. Entretanto, se o valor do dividendo for fixo, ou seja, independente do valor de mercado do ativo, há necessidade de modelagens mais complexas. A literatura disponível propõe soluções para este caso, porém com foco em ativos financeiros. Ativos reais possuem particularidades que demandam o desenvolvimento de
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26

Zheng, Yi. "Do Banks' Dividends Signal Their Financial Health?" Thesis, University of North Texas, 2018. https://digital.library.unt.edu/ark:/67531/metadc1248441/.

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This paper examines the relation between banks' dividends and their future financial health. Using banks' Nonperforming Loans Ratio, Loan Loss Provision Ratio, and Z-score as proxies for their financial health, I show that there is a strong positive relation between banks' dividends lagged by one quarter and their financial health in the current quarter. This main finding continues to hold following several additional tests, including the application of an instrumental variable approach, the use of change in dividends as the key independent variable, the exclusion of banks that are subject to
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27

Williams, John Mark. "Corporate taxes and the taxation of dividends." Thesis, Rhodes University, 1997. http://hdl.handle.net/10962/d1001644.

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The classical system of taxation, whereby companies are taxed without a deduction for dividends paid and shareholders are taxed on their dividend receipts, results in double taxation of dividends. Split rate and imputation systems have been developed in an attempt to mitigate the effects of double taxation of dividends. Double taxation of dividends and differences between corporate and maximum individual marginal tax rates result in corporate tax systems lacking neutrality. Distortions arise between organisational forms, between debt and equity financing and between the retention and distribut
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28

Pasuch, Diogo Fávero. "Política de dividendos e tributação no Brasil." Universidade do Vale do Rio do Sinos, 2006. http://www.repositorio.jesuita.org.br/handle/UNISINOS/2798.

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Made available in DSpace on 2015-03-05T19:11:30Z (GMT). No. of bitstreams: 0 Previous issue date: 30<br>Nenhuma<br>Esta pesquisa objetivou examinar qual a influência das mudanças da legislação tributária nas políticas de dividendos das companhias brasileiras, testando a influência da Teoria da Preferência Fiscal sobre as políticas de dividendos das companhias abertas brasileiras. As mudanças na legislação tributária pertinente foram identificadas e o efeito da tributação sobre as políticas de dividendos das companhias foi verificado, investigando as diferenças nas políticas de dividendos e
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Jevtic, Branko Z. "The Eurobond market for convertible bonds and solutions to selected valuation problems." Thesis, University of Southampton, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.273870.

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Deng, Xiangwei. "Does agency theory explain dividend policies of China's listed companies? : an empirical test /." View Abstract or Full-Text, 2003. http://library.ust.hk/cgi/db/thesis.pl?ECON%202003%20DENG.

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Thesis (M. Phil.)--Hong Kong University of Science and Technology, 2003.<br>Includes bibliographical references (leaves 36-39). Also available in electronic version. Access restricted to campus users.
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31

Penariol, João Eduardo. "Dividendos, propriedade e governança corporativa: evidências no mercado brasileiro." Universidade de São Paulo, 2018. http://www.teses.usp.br/teses/disponiveis/96/96133/tde-07022019-154347/.

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A política de dividendos é um tema amplamente pesquisado no Brasil e no mundo ao longo de várias décadas. Consequentemente, inúmeras teorias foram desenvolvidas para explicar esse assunto. Contudo, recentemente, o arcabouço da Teoria de Agência tem proporcionado novas descobertas sobre os fatores que influenciam as políticas de dividendos das empresas. Especificamente, foram propostas teorias que sugerem que os dividendos refletem boas práticas de governança corporativa, tornando a distribuição de proventos um complemento à proteção legal do acionista. Em contrapartida, em um ambiente com prot
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Ambrozini, Marcelo Augusto. "Políticas de dividendos no Brasil: um modelo de apoio à decisão." Universidade de São Paulo, 2011. http://www.teses.usp.br/teses/disponiveis/96/96132/tde-15122011-163251/.

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Do ponto de vista financeiro, o objetivo de uma empresa é promover a maximização da riqueza econômica dos seus acionistas. Por essa lógica, uma decisão de investimento só deve ser aceita se o retorno oferecido pelo projeto superar o custo do capital nele empregado. Nas decisões de financiamento, busca-se atingir a estrutura ótima de capital da empresa, que leve a minimização da média ponderada dos custos de capital da companhia e, consequentemente, à maximização da riqueza do acionista. Mas, ao contrário das decisões de investimento e de financiamento, as decisões de dividendos não possuem com
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Ambrozini, Marcelo Augusto. "O impacto do fim da correção monetária no resultado das companhias brasileiras de capital aberto e na distribuição de dividendos: estudo empírico no período de 1996 a 2004." Universidade de São Paulo, 2006. http://www.teses.usp.br/teses/disponiveis/96/96133/tde-05012007-170944/.

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O fim da obrigatoriedade da correção monetária das demonstrações contábeis em 1995, fez com que as empresas brasileiras deixassem de reconhecer os efeitos da inflação na apuração dos seus resultados. Porém, mesmo com a aparente estabilização monetária promovida pelo Plano Real, a inflação acumulada de janeiro de 1996 a dezembro de 2004 ultrapassou 160% de acordo com dois dos principais indicadores nacionais. A inflação não deixou de existir com a extinção da correção monetária e, as empresas inseridas nesse contexto de alta generalizada dos preços, simplesmente deixaram de reconhecer seus efei
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Brändholm, Elin, and Adam Gaasvik. "Dividend Preferences : The Effect of Age and Income in a Swedish Setting." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-298651.

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We examine the existence of dividend clienteles in Sweden using a unique dataset containing yearly information on age, gender, income and portfolio composition of about 200 000 Swedish stockholders. The data covers the years between 2005 and 2010. More specifically, we investigate whether investor preferences for dividends differ depending on their age or income. Furthermore, we seek to establish if there are any differences in performance, based on abnormal return, between investors with different dividend yields. We find that age clienteles exist in Sweden; older investors hold stocks with h
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Zaghloul, Bichara Lina. "Institutional ownership and dividend policy: A framework based on tax clientele, information signaling and agency costs." Thesis, University of North Texas, 2008. https://digital.library.unt.edu/ark:/67531/metadc9004/.

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This study is an empirical examination of a new theory that links dividends to institutional ownership in a framework of both information signaling and agency costs. Under this theory put forth by Allen, Bernardo and Welch in 2000, dividends are paid out to attract tax-favored institutional investors, thereby signaling good firm quality and/or more efficient monitoring. This is based on the premise that institutions are considered sophisticated investors with superior ability and stronger incentive to be informed about the firm quality compared to retail investors. On the agency level, institu
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Basuki, Hardo. "The impact of the 1997 abolition of the tax credit on dividends in the UK and corporate dividend policy." Thesis, University of Strathclyde, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.424251.

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37

GOMES, RICARDO MAGALHAES. "DIVIDENDS, TAXES AND RETURNS IN BRASILIAN EQUITY MARKET." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2003. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=4387@1.

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A política de distribuição de dividendos têm despertado o interesse de economistas deste século e nas últimas cinco décadas foi objeto de uma intensa modelagem teórica e de testes empíricos. Um grande número de modelos é conflitante entre si (todos sem grande suporte empírico), e definem as tentativas de explicar o comportamento da distribuição de lucros. Buscaremos explicar o comportamento, fazendo uma análise empírica da distribuição de dividendos no mercado brasileiro.<br>The politics of distribution of dividends has been an important matter of economists of this century and in las
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Van, der Bijl Wouter Jan. "Special dividends on Johannesburg Stock Exchange : 1999-2011." Thesis, Stellenbosch : Stellenbosch University, 2012. http://hdl.handle.net/10019.1/95682.

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Thesis (MBA)--Stellenbosch University, 2012.<br>Ever since listed companies have been allowed to buy back shares (since the Companies Amendment Act was introduced in 1999), a major question has been whether companies with extra cash should pay out dividends or buy back shares. The larger research project for the University of Stellenbosch Business School (USB) will evaluate this question by comparing the rand value of dividends paid to shareholders to the rand value of share buybacks and comparing the rand value of special dividends to the rand value of share buybacks. The research described
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39

Murdoch, Alastair. "Dividends and earnings : their effect on firm value /." Thesis, Connect to this title online; UW restricted, 1992. http://hdl.handle.net/1773/8809.

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40

Monroe, Nathan W. "Partisan dividends : the policy impact of partisan turnover /." Diss., Connect to a 24 p. preview or request complete full text in PDF format. Access restricted to UC IP addresses, 2004. http://wwwlib.umi.com/cr/ucsd/fullcit?p3129943.

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41

Barman, Graham Paul. "An evaluation of how dividend policies impact on the share value of selected companies." Thesis, Nelson Mandela Metropolitan University, 2008. http://hdl.handle.net/10948/806.

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Wealth maximisation for shareholders is a combination of dividend payouts and an increase in share price. Management, as custodians of shareholder interest, should therefore consciously work towards influencing the share price favourably. The purpose of this study is to examine and analyse, through an empirical study, dividend policy and the effect, if any, it has on the value of shares by conducting a survey among financial managers to measure their views regarding dividends and share value and to either validate or disprove the academic explanation of the practice of paying dividends.
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42

Mak, Kwai-ming Simon. "Dividend and growth financing strategies of large public companies in Hong Kong /." Hong Kong : University of Hong Kong, 1999. http://sunzi.lib.hku.hk/hkuto/record.jsp?B21326344.

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43

Alltizer, Richard L. "The interaction of dividend policy and taxation on the value of the firm /." Full-text version available from OU Domain via ProQuest Digital Dissertations, 1994.

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44

Ali, Ijaz. "Tendance, les déterminants et le rôle de singnaling des dividendes en Europe : trois études." Phd thesis, Université de Grenoble, 2013. http://tel.archives-ouvertes.fr/tel-01070637.

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La thèse se compose de trois études consacrées à la politique de dividendes des entreprises européennes cotées. Le premier essai étudie : (i) les éléments déterminants entraînant le paiement de dividendes, (ii) le changement au fil du temps dans le comportement des entreprises, pour le paiement de dividendes et (iii) les facteurs à l'origine de la diminution de la proportion des entreprises européennes payant des dividendes. En utilisant des sociétés cotées de 21 pays européens entre 1991 et 2010, nous voulons déterminer si les entreprises européennes payant des dividendes suivent la même tend
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45

Renberg, Sandra, and Cecilia Nylander. "The Relationship between Changes in Cash Dividends and Volatility of Stock Returns : A study of the Swedish Stock Market." Thesis, Umeå universitet, Företagsekonomi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-76434.

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The dividend policy and the distribution of cash dividend can be of interest to the investors from many angles. Consequently, many theories have been built on the relevance of dividend policy and there are several theories proposing that dividends increase shareholder value. However, the most famous theory on dividend policy might be Miller and Modigliani's dividend irrelevance theory which implies that the dividend policy does not affect shareholder value. Although investors are concerned with shareholder value they are also concerned with achieving the highest possible return with the lowest
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46

Gomes, Dias António Carlos, and Neves Maria Elisabete Duarte. "Estructura de la propiedad e incentivos de catering para el reparto de dividendos en los países de la zona euro." Pontificia Universidad Católica del Perú, 2014. http://repositorio.pucp.edu.pe/index/handle/123456789/114847.

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This paper is built upon the predictions of the catering theory of dividends and examines the interaction effect between catering incentives and corporate ownership structure in a behavioral context with investor´s perceptions for dividends. We intend to evaluate how the ownership structure affects the disposition of companies in Eurozone countries to adjust their payouts to the investors’ sentiments. To achieve this aim, we propose a dividend model that incorporates a variable at a firmlevel proxying for the catering effect. The results from the estimation of the model by using the GMM reveal
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Berner, Martin [Verfasser]. "Scrip Dividends : Rechtstatsächliche Bedeutung und rechtliche Grundlagen / Martin Berner." Baden-Baden : Nomos Verlagsgesellschaft mbH & Co. KG, 2021. http://d-nb.info/1230213627/34.

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48

Hsu, Ya-Ni, and 徐雅妮. "The Choice between Cash Dividends and Stock Dividends." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/36114274942932272369.

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碩士<br>國立中央大學<br>財務金融研究所<br>93<br>Corporations use cash dividends and stock dividends as the methods to distribute earnings to shareholders. While each method has received considerable attention in the academic literature, fewer studies examine the choice between cash dividends and stock dividends. In particular, we do not know what factors drive the choice between cash dividends and stock dividends and what, if any, information investors infer from this managerial choice. In this paper we analyze the relationship between the cash dividends and stock dividends on the NYSE, AMEX and NASDAQ. We s
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Lo, Yung-Chen, and 羅雍震. "Determinants of Dividend Policy in Taiwanese Firms: Cash Versus Dual Dividends." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/vuktre.

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碩士<br>國立東華大學<br>會計與財務碩士學位學程<br>100<br>The utilization of cash dividend policies in Taiwan has been seen significant growth in recent years. The percentage of the companies which pay cash dividends grows from 3% in 1997 to 51% in 2012. Cash dividends have become the main dividend policy of listed companies in Taiwan. The whole dividends rate of listed companies is higher than other Asian countries as well. Therefore, companies using the cash dividend policy acquire close attention from the company’s competent authorities and investors. It is quite important to know the company’s operating philo
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"Disappearing dividends: evidence from four East Asian economies." 2005. http://library.cuhk.edu.hk/record=b5892591.

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Qian Chen.<br>Thesis (M.Phil.)--Chinese University of Hong Kong, 2005.<br>Includes bibliographical references (leaves 34-36).<br>Abstracts in English and Chinese.<br>Introduction --- p.1<br>Literature --- p.3<br>Chapter I --- Disappearing Dividends --- p.5<br>Chapter 1. --- Dividend Facts - from U.S. to Hong Kong --- p.5<br>Chapter 2. --- Aggregate dividends --- p.16<br>Chapter 3. --- Dividend concentration and Earning concentration --- p.21<br>Chapter II --- Cross Country Comparisons --- p.25<br>Chapter 1. --- Proportion to pay dividends --- p.25<br>Chapter 2. --- Long-term loan ---
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