We investigate whether investors price losses conditional on the likelihood of the firm's
return to profitability, consistent with the abandonment option hypothesis (Hayn 1995). We …

" The corporate tax could soon be headed in new directions," Dan Shaviro writes in
Decoding the US Corporate Tax, wherein he assesses the threats to America's corporate tax …

Miller and Modigliani's (1961) famous dividend irrelevance theorem stated that, under
perfect market conditions, firm value is unaffected by a firm's dividend policy. Starting from …

This paper empirically examines whether dividends are value‐relevant in Japan by
employing Ohlson's (1995) accounting‐based equity valuation technique. The substantial …

We investigate whether dividend changes signal changes in a firm's future profitability by
also considering the firm's earnings volatility. In general, we find a positive relation between …

This paper examines the effect of research and development (R&D) on dividend payments
for loss firms. Even though a firm's positive earnings is the main factor of dividend payout …

A spate of sudden, high-profile corporate collapses has raised serious concerns over the
degree to which managers are open and honest about poor financial performance …

Abstract __________________________________… Dividend payments and debt
issuances both potentially represent tools that managers can use to send signals to the …

Recent evidence has raised concerns about the validity of the simple earnings capitalization
model in the presence of losses. Negative earnings are neither permanent nor informative …

This thesis provides a brief outlook on corporate dividend policy of Finnish listed firms during
the time of the Covid-19 pandemic. The aim of this research is to find out if the dividend …