|Baker, H. Kent (ed.)|
Dividends and Dividend Policy
Robert W. Kolb Series
2009. 552 Pages, Hardcover
ISBN 978-0-470-45580-7 - John Wiley & Sons
E-Books are also available on all known E-Book shops.
Dividends And Dividend Policy
As part of the Robert W. Kolb Series in Finance, Dividends and Dividend Policy aims to be the essential guide to dividends and their impact on shareholder value. Issues concerning dividends and dividend policy have always posed challenges to both academics and professionals. While all the pieces to the dividend puzzle may not be in place yet, the information found here can help you gain a firm understanding of this dynamic discipline.
Comprising twenty-eight chapters--contributed by both top academics and financial experts in the field--this well-rounded resource discusses everything from corporate dividend decisions to the role behavioral finance plays in dividend policy. Along the way, you'll gain valuable insights into the history, trends, and determinants of dividends and dividend policy, and discover the different approaches firms are taking when it comes to dividends.
Whether you're a seasoned financial professional or just beginning your journey in the world of finance, having a firm understanding of the issues surrounding dividends and dividend policy is now more important than ever. With this book as your guide, you'll be prepared to make the most informed dividend-related decisions possible--even in the most challenging economic conditions.
The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals.
From the contents
Part I: Dividends and Dividend Policy: History, Trends, and Determinants
Chapter 1: Dividends and Dividend Policy: An Overview (H. Kent Baker).
Chapter 2: The Historical Evolution of Dividends (Erik Benrud).
Chapter 3: Trends in Dividends: Payers and Payouts (Christian Andres, André Betzer, Luis Correia da Silva, Marc Goergen).
Chapter 4: Factors Influencing Dividends (David J. Denis, Gohar G. Stepanyan).
Chapter 5: Cross-Country Determinants of Payout Policy: European Firms (Franck Bancel, Nalinaksha Bhattacharyya, Usha Mittoo).
Part II: Cash Dividends: Theoretical and Emperical Evidence
Chapter 6: Dividend Irrelevance Theory (James S. Ang, Stephen J. Ciccone).
Chapter 7: Residual Dividend Policy (David M. Smith).
Chapter 8: Taxes and Clientele Effects (Samir Saadi, Shantanu Dutta).
Chapter 9: Agency Costs and the Free Cash Flow Hypothesis (Tarun K. Mukherjee).
Chapter 10: Asymmetric Information and Signaling Theory (Greg Filbeck).
Chapter 11: Behavioral Explanations of Dividends (Hersh Shefrin).
Chapter 12: The Firm Life Cycle Theory of Dividends (Laarni T. Bulan, Narayanan Subramanian).
Chapter 13: The Catering Theory of Dividends (Margot de Rooij, Luc Renneboog).
Part III: Share Repurchases.
Chapter 14: Stock Repurchases: Theory and Evidence - Part 1 (Jim Hsieh, Qinghai Wang).
Chapter 15: Stock Repurchases: Theory and Evidence - Part 2 (Jim Hsieh, Qinghai Wang).
Chapter 16: Stock Repurchases and Dividends: Tradeoffs and Trends (Bradford Cornell).
Chapter 17: Beating the Market with Share Buybacks (Theo Vermaelen).
Part IV: Other Distribution Methods.
Chapter 18: Special Dividends (Michael Gombola, Feng-Ying Liu).
Chapter 19: Stock Splits, Stock Dividends and Reverse Stock Splits (David Michayluk).
Chapter 20: Dividend Reinvestment Plans (Wei He).
Part V: Survey Evidence on Dividends and Dividend Policy.
Chapter 21: Cash Dividends and Stock Repurchases (Gary E. Powell).
Chapter 22: Stock Splits, Stock Dividends, and Dividend Reinvestment Plans (Halil Kiymaz).
Chapter 23: Why Individual and Professional Investors Want Dividends (Ming Dong, Chris Robinson, Chris Veld).
Part VI: Other Dividend and Dividend Policy Issues.
Chapter 24: Why Firms Begin Paying Dividends: Value, Growth and Life Cycle Effects (Neil L. Fargher, Robert A. Weigand).
Chapter 25: Dividend Policy and Corporate Governance (Shantanu Dutta, Samir Saadi).
Chapter 26: Dividend Policy in Regulated Industries (Ross Dickens).
Chapter 27: Dividend Policy in a Global Perspective (Marc Goergen, Luc Renneboog).
Chapter 28: Dividend Policy in Emerging Markets (P. C. Kumar, Michel A. Robe).