Signaling theory is useful for describing behavior when two parties (individuals or
organizations) have access to different information. Typically, one party, the sender, must …

Purpose–This paper aims to briefly review principal theories of dividend policy and to
summarize empirical evidences on these theories. Design/methodology/approach–Major …

After new ventures have exhausted the limited financial resources of founders, family, and
friends, they often pursue initial external capital. To secure investment, entrepreneurs can …

We develop a dynamic agency model in which payout, investment, and financing decisions
are made by managers who attempt to maximize the rents they take from the firm, subject to …

This paper revisits the dividend puzzle, described here as questions about the relevance of
dividend policy and how managers should (and do) determine dividend policy. We examine …

This study investigates whether bank managers use their discretion in estimating loan loss
provisions (LLP) to convey information about their banks' future prospects. Bank managers' …

Corporate dividend policy is mysterious and one of the puzzles in corporate finance. This
study seeks to examine the relationship between dividend policy and stock price volatility …

Purpose The COVID-19 pandemic exacerbated the talent challenges faced by hospitality
organisations. This paper aims to propose a new concept–industry talent branding–which, is …

The relationship between dividends and earnings has long been a controversy to analysts
and investors. Some studies on the subject provide evidence in support of a positive and …

We analyze the dividend behaviour of the aggregate stock market. We propose a model that
assumes managers minimize the costs of adjustment associated with being away from their …