Essays about: "dividend impact"

Showing result 11 - 15 of 40 essays containing the words dividend impact.

  1. 11. To Have or Not to Have? The Impact of Financial Targets on the Cost of Capital

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Erika Madebrink; Linda Shi; [2016]
    Keywords : Equity cost of capital; Estimation risk; Financial targets; Liquidity risk; Voluntary information disclosure;

    Abstract : We study the effect of communicating long-term financial targets, but not the attainment of them, on the equity cost of capital. We examine the effect targets have on risk factors in an augmented Fama and French model, where illiquidity is added as a risk factor, and find that dividend, profitability and leverage targets decrease the cost of capital through the market risk premium and SMB risk factors. READ MORE

  2. 12. The Dividend Policy Issue and its Impact on the Risk in a Stock : A study of the relationship between the dividend policy and the volatility of the stock price on the Swedish market

    University essay from Högskolan i Jönköping/Internationella Handelshögskolan;

    Author : Gusten Gustafsson; Anton Sandgren; [2016]
    Keywords : ;

    Abstract : The question of paying out a dividend or not, is an issue all companies have to consider. The dividend policy in a company does not only affect the company itself, but also the shareholders. Several aspects have to be considered by the managers when suggesting if to pay out a dividend, and how large the amount should be. READ MORE

  3. 13. Determinants of dividend policy

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Henrik Svensson; Victor Thorén; [2015]
    Keywords : Business and Economics;

    Abstract : Dividend is a much-debated subject and has been compared to a puzzle with no sole solution to explain why firms pay dividend. Many academics have tried to determine what company variables determines a firm’s dividend policy. These studies have provided different explanatory variables to explain why firms pay dividends. READ MORE

  4. 14. The Impact of Political Risk on Equity Market Performance

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Elina Tolstova; Jana Kapolková; [2015]
    Keywords : political risk; stock market; returns; price-to-earnings ratio; dividend yield; macroeconomic factors; panel regression; Business and Economics;

    Abstract : This paper investigates the impact of political risk on financial performance. In order to assess the quantitative measure of political risk principal component analysis is performed referring to six indicators, which measure different areas of political environment. READ MORE

  5. 15. Complex Parsimony in Equity Valuation - An Empirical Assessment of Model Design and the Incremental Effects of Complexity

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Sebastian Anesten; Niclas Möller; [2015]
    Keywords : Equity valuation; Valuation complexity; Dividend discount model; Residual income valuation model; Abnormal earnings growth model;

    Abstract : When deciding on a valuation model, an investor must be attentive to the juxtaposition between the usefulness, driven by complexity, and the simplicity of that particular model. This thesis employs an examination of four parsimonious equity valuation models (dividend discount model [DDM], residual income valuation model [RIV], abnormal earnings growth model [AEG], and the Ohlson-Juettner-Nauroth model [OJ]) and their usefulness in relation to the Nordic stock exchanges. READ MORE