Corporate dividend policy.
by Yeung Yu-Man. === Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. === Includes bibliographical references (leaves 62-64). === ABSTRACT --- p.ii === ACKNOWLEGEMENTS --- p.iv === TABLE OF CONTENTS --- p.v === LIST OF TABLES --- p.vii === CHAPTER === Chapter I. --- INTRODUCTION --- p.1...
Other Authors: | |
---|---|
Format: | Others |
Language: | English |
Published: |
Chinese University of Hong Kong
1992
|
Subjects: | |
Online Access: | http://library.cuhk.edu.hk/record=b5887126 http://repository.lib.cuhk.edu.hk/en/item/cuhk-318863 |
Summary: | by Yeung Yu-Man. === Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. === Includes bibliographical references (leaves 62-64). === ABSTRACT --- p.ii === ACKNOWLEGEMENTS --- p.iv === TABLE OF CONTENTS --- p.v === LIST OF TABLES --- p.vii === CHAPTER === Chapter I. --- INTRODUCTION --- p.1 === Chapter 1.1 --- Dividends Come in Many Forms --- p.2 === Chapter 1.2 --- How Do Companies Decide on Dividend Payments ? --- p.3 === Chapter 1.3 --- Limitation on Dividend Payments --- p.3 === Chapter 1.4 --- The Analytical Approach --- p.5 === Chapter II. --- EMPIRICAL LITERATURE REVIEW --- p.7 === Chapter 2.1 --- Lintner's Model --- p.7 === Chapter 2.1.1 --- Stability of Dividend Rate --- p.8 === Chapter 2.1.2 --- Stockholders ' Needs and Expectations --- p.9 === Chapter 2.1.3 --- Earnings --- p.10 === Chapter 2.1.4 --- Principal Considerations in Dividend Decisions --- p.10 === Chapter 2.1.5 --- Partial Adjustment Model --- p.11 === Chapter 2.2 --- Fama and Babiak's Empirical Analysis on Dividend Policy --- p.13 === Chapter 2.3 --- Empirical Results for the Hong Kong Market --- p.15 === Chapter 2.4 --- Miller and Modigliani's Model --- p.17 === Chapter 2.4.1 --- No Agency Cost --- p.17 === Chapter 2.4.2 --- No Tax --- p.17 === Chapter 2.4.3 --- Full Information --- p.18 === Chapter 2.4.4 --- No Transformation Cost --- p.18 === Chapter 2.4.5 --- Independent Investment and Financing Decisions --- p.18 === Chapter 2.4.6 --- Summary of M & M Theory [1961] --- p.18 === Chapter 2.4.7 --- Other Considerations --- p.20 === Chapter 2.5 --- The Information Contents of Dividends --- p.20 === Chapter III. --- METHODOLOGY --- p.22 === Chapter 3.1 --- Cash Dividend Policy for Hong Kong Market --- p.22 === Chapter 3.2 --- Stock Dividends and Stock Splits --- p.23 === Chapter 3.3 --- Cash Dividend Payment Practices --- p.25 === Chapter 3.3.1 --- A Preliminary Test on Dividends and Distributed Lags --- p.26 === Chapter 3.3.2 --- Initial Tests of Lintner's Model --- p.26 === Chapter 3.3.3 --- Tests of the Lag Structure . --- p.27 === Chapter IV. --- FINDINGS --- p.28 === Chapter 4.1 --- Cash Dividend Policy for Hong Kong Market --- p.28 === Chapter 4.1.1 --- Background Information --- p.28 === Chapter 4.1.2 --- Principal Considerations in Dividend Decisions --- p.30 === Chapter 4.1.3 --- Other Influences on Dividend Decisions --- p.31 === Chapter 4.1.4 --- Earnings --- p.33 === Chapter 4.1.5 --- Regularity of Payment --- p.36 === Chapter 4.1.6 --- Availability of Cash --- p.37 === Chapter 4.1.7 --- Stability of Rate and Dividend Growth --- p.39 === Chapter 4.1.8 --- Stockholders' Needs and Expectations --- p.40 === Chapter 4.2 --- Stock Dividends and Stock Splits . . . --- p.41 === Chapter 4.2.1 --- Reasons for Stock Dividends --- p.41 === Chapter 4.2.2 --- Reasons for Stock Splits . . --- p.43 === Chapter 4.3 --- Cash Dividend Payment Practices --- p.44 === Chapter 4.3.1 --- A Preliminary Test on Dividends and Distributed Lags --- p.44 === Chapter 4.3.2 --- Initial Tests of Lintner's Model --- p.48 === Chapter 4.3.3 --- Tests of the Lag Structure . --- p.51 === Chapter V. --- CONCLUSIONS --- p.54 === APPENDIX --- p.56 === BIBLIOGRAPHY --- p.62 |
---|