this world; though all the discussions are focused on the causal relationships in allthe scientific arguments. One of the methods to study the designed causal relationshipsobjectively is Granger causality test. This paper aims to investigate the longtermcausal relationship between the stock price and dividends. The statisticalpopulation includes 180 active companies in Stock Exchange of Tehran ...

How do dividend policy decisions affect a firm’s stock price, is a widely researched topic in the field of investments and finance but still it remains a mystery that whether dividend policy affects the stock prices or not. There are those who suggest that dividend policy is irrelevant because they argue a firm’s value should be determine by the basic earning power and business risk of the firm...

We study market-consistent valuation of liability cash flows motivated by current regulatory frameworks for the insurance industry. The value assigned to an is consequence (1) considering a hypothetical transfer company's liabilities, and financial assets intended hedge these empty corporate entity, (2) circumstances under which capital provider would want achieve maintain ownership this entity...

This research empirically explores the aspects that define dividend payout results among banks. The aim of this is calculate existence relationship between dividends banking sectors in Pakistan. study considers impact four variables, namely, earning per share, capital ratio, size and cash flow share on ratios by using unbalanced panel data set fifteen listed Secondary was used under analysis re...

This paper aims to provide a retrospective assessment of Ukraine’s state policy concerning state-owned banks and evaluate their impact on the sustainability public finances. The research methodology employs an empirical study cash flow funds reverse determine activity stability includes expenditure for creation authorised capital during establishment banks, acquisition shares in operating comme...

We examine the relation between institutional holdings and payout policy in U.S. public firms between 1980 and 1996. We find that payout policy affects institutional holdings. Institutions avoid firms that do not pay any dividends. But among dividend paying firms, they prefer firms that pay fewer dividends. Our evidence indicates that institutions prefer firms that repurchase shares, and regula...

A model is developed in which an industry of N $ 1 firms is privatised. The ‘participation’ method of privatisation is used, whereby firms are sold for cash, but the state retains a proportionate share of ownership. In each firm the new private owner has the opportunity to make a reorganisational investment, before output is produced. This investment is unobservable by the state, and therefore ...