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The study was an exploratory investigation of the consequences of using a complex test-anditem analysis approach in a large-scale testing situation that historically has used a conventional approach o...
We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior divide...
Classical models predict that the division of stock returns into dividends and capital appreciation does not affect investor consumption patterns, while mental accounting and other economic frictions ...
We test the catering theory of dividends using data from firms in the Japanese electrical appliances industry. Our empirical investigations reveal that, in the Japanese electrical appliances industry,...
The incorporation of a dividend yield in the classical option pricing model of Black- Scholes results in a minor modification of the Black-Scholes formula, since the lognormal dynamic of the underlyin...
We analyze the regularity of the optimal exercise boundary for the American Put option when the underlying asset pays a discrete dividend at a known time td during the lifetime of the option. The ex...
Moments of the Discounted Dividends in a Threshold-Type Markovian Risk Process
The prospects of ageing may seem rel atively re mote in many de veloping coun tries, but delay could prove to be very costly.

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