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1 – 10 of 96John Theis and Amitabh S. Dutta
The purpose of this paper is to examine the Dickens et al. model of bank holding company dividend policy. They identified five explanatory factors in a sample of bank holding…
Abstract
Purpose
The purpose of this paper is to examine the Dickens et al. model of bank holding company dividend policy. They identified five explanatory factors in a sample of bank holding companies (BHCs). Banking companies typically pay larger dividends and more often than industrial firms. Investors often look at the dividends as being important return variables.
Design/methodology/approach
In this study, a sample of 99 firms with 2006 data from governmental reports and Yahoo is used in regression equations to test the relationship of the five identified variables with dividend yields. The analysis is extended to investigate non‐linearities between dividend yield and insider ownership.
Findings
The paper finds that the original model is robust, but not all variables keep their significance. Insider holdings have a non‐linear relationship with dividend yields.
Practical implications
The significant factors affecting bank dividend policy help dividend seeking investors find BHCs that return higher dividend yields.
Originality/value
This paper reveals a non‐linear link between insider holdings and dividend yields among BHCs.
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This study examines the relationship between various agency factors and debt of property management firms in the UK. Findings indicate that debt is significantly inversely related…
Abstract
This study examines the relationship between various agency factors and debt of property management firms in the UK. Findings indicate that debt is significantly inversely related to percentage of shares closely held, dividend yield and price‐to‐book ratio. Size, measured by sales volume, appears to be insignificant in determining debt level.
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James Forjan, David Durr and John Thesis
It is well established in academic literature that self‐tender offers and corporate dividends can be used independently to effectively signal firm value. It is unclear, however…
Abstract
It is well established in academic literature that self‐tender offers and corporate dividends can be used independently to effectively signal firm value. It is unclear, however, whether these two forms of earnings distributions can be used simultaneously. This paper is an empirical examination of the relationship between dutch auction repurchases and corporate dividend policy. This research indicates that a substantial number of firms choose to repurchase their shares in the form of dutch auctions between dividend payments. Because signalling is a likely motivation for both repurchases and cash dividends, these two events may not be independent of each other. The results of this study confirm positive stock market reaction to repurchase announcements and that firm prediction errors are significantly related to signaling variables.
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Leo Cheatham and Carole Cheatham
Evidence in the literature repeatedly points towards failure to understand cash flow shortages as a major problem of small business operators. Theoretically, they should be able…
Abstract
Evidence in the literature repeatedly points towards failure to understand cash flow shortages as a major problem of small business operators. Theoretically, they should be able to use financial statements prepared by their accountants as planning and control tools. However, because of accountants' use of the accrual system, rather than cash, and the meticulous detail that tends to make statements too complicated for the untrained user, many operators simply do not attempt to use these statements.
Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Term. 37203. Mrs. Cheney does not sell the books listed here. They are…
Abstract
Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Term. 37203. Mrs. Cheney does not sell the books listed here. They are available through normal trade sources. Mrs. Cheney, being a member of the editorial board of Pierian Press, will not review Pierian Press reference books in this column. Descriptions of Pierian Press reference books will be included elsewhere in this publication.
Pawan Budhwar, Andy Crane, Annette Davies, Rick Delbridge, Tim Edwards, Mahmoud Ezzamel, Lloyd Harris, Emmanuel Ogbonna and Robyn Thomas
Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce …
Abstract
Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce – not even, in many cases, describing workers as assets! Describes many studies to back up this claim in theis work based on the 2002 Employment Research Unit Annual Conference, in Cardiff, Wales.
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Julie Dona and Susan J. Ferguson
Structural factors during Chinese and Japanese immigration and settlement processes required families to adapt in ways that altered traditional gender behaviors. This study…
Abstract
Structural factors during Chinese and Japanese immigration and settlement processes required families to adapt in ways that altered traditional gender behaviors. This study examines how two factors – spousal immigration order and family economic structure – affected the gendered division of labor and how gender roles consequently were reconstructed for first and second generation Chinese Americans and Japanese Americans. These issues are investigated through secondary data analysis of 21 in‐depth interviews with daughters of Chinese and Japanese immigrants on the West Coast.
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Mohamed Ahmed, Eleri Jones, Elizabeth Redmond, Mahmoud Hewedi, Andreas Wingert and Mohamed Gad El Rab
– The purpose of this paper is to apply value stream mapping holistically to hospital food production/service systems focused on high-quality food.
Abstract
Purpose
The purpose of this paper is to apply value stream mapping holistically to hospital food production/service systems focused on high-quality food.
Design/methodology/approach
Multiple embedded case study of three (two private-sector and one public-sector) hospitals in the UK.
Findings
The results indicated various issues affecting hospital food production including: the menu and nutritional considerations; food procurement; food production; foodservice; patient perceptions/expectations.
Research limitations/implications
Value stream mapping is a new approach for food production systems in UK hospitals whether private or public hospitals.
Practical implications
The paper identifies opportunities for enhancing hospital food production systems.
Originality/value
The paper provides a theoretical basis for process enhancement of hospital food production and the provision of high-quality hospital food.
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Anna D. Martin, Takeshi Nishikawa and Rong Qi
This paper examines the intra‐industry effects of 120 stock split announcements within the insurance industry between 1985 and 2006. Our results of the valuation effects are…
Abstract
This paper examines the intra‐industry effects of 120 stock split announcements within the insurance industry between 1985 and 2006. Our results of the valuation effects are suggestive of dominant competitive effects for stock splits by insurance companies, especially life insurers, thus indicating possible changes in the competitive balance of the industry. The results of our cross‐sectional analyses suggest that for non‐splitting firms with a high concentration of competition the industry effects are less favorable. Industry effects are more favorable when the valuation effects of the splitting firms are more favorable, when the splitting firms are larger, and when the non‐splitting firms are more similar to the splitting firm. Overall, our results show that both industry‐wide and firm‐specific characteristics are important to explain the cross‐sectional variation in the intra‐industry effects, and that competitive effects and contagion effects are not entirely mutually exclusive.
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