International Bulletin of Business Administration ISSN: 1451-243X Issue 9 (2010) © EuroJournals‚ Inc. 2010 http://www.eurojournals.com Dividend Policy: A Review of Theories and Empirical Evidence Husam-Aldin Nizar Al-Malkawi Corresponding Author‚ Faculty of Business‚ ALHOSN University P.O. Box 38772 - Abu Dhabi‚ UAE E-mail: h.almalkawi@alhosnu.ae Michael Rafferty Senior Research Analyst‚ WRC‚ University of Sydney‚ Australia E-mail: m.rafferty@econ.usyd.edu.au Rekha Pillai Faculty of Business‚ ALHOSN University
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of life with the possibility of parole. He is now 58 years old and you have come to realize that he is a model prisoner. He has shown impeccable behavior‚ has a job within the prison‚ has been around the community during furloughs and has become a positive influence and a great role model for other prisoners. Also‚ he has formed a bond with the victim’s family‚ who has forgiven him for what he has done. The victim’s family would like to see him get out on parole because they feel that he has changed
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Requirements for Valid Action at a Shareholder Meeting * Read statute‚ bylaws and articles * 1. Authority for the meeting * 2. Proper notice (or waiver of notice) * 3. Quorum * 4. Required number of votes cast in favor 1. Authority for Meeting * The meeting must be authorized * Look to statute and bylaws for authorization * Annual meetings MBCA §7.01 * Special meetings MBCA § 7.02 * Court ordered meetings MBCA § 7.03
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1. Why would the owners of Lakeside‚ as well as the company’s banks‚ require that an annual audit may be made by an independent CPA firm? Auditing in general‚ is necessary because of the existence of Information risk or the risk of unreliable information. Owners of lakeside may own the company but they are not closely involved in managing the business with the exception of Rogers‚ the only owner involved actively in the business’ day to day operations. So‚ an independent audit for non-managing owners
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One of the most widely used concepts in finance is that shareholders require a risk premium over bond yields to bear the additional risks of equity investments. While models such as the two-parameter capital asset pricing model (CAPM) or arbitrage pricing theory offer explicit methods for varying risk premia across securities‚ the models are invariably linked to some underlying market (or factor-specific) risk premium. Unfortunately‚ the theortical models provide limited practical advice on establishing
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When a business cashes a check they act as an intermediary between the maker of the check and the payee. This status is known by the Uniform Commercial code (UCC) as a “holder in due course” (HIDC). An analysis of Any kind checks cashed‚inc v. Talcott will illustrate how fragile HIDC status is. There are benefits for a business to have HIDC status‚ which will protect them in the event of check fraud. However‚ businesses must perform some due diligence in order to maintain this status. Ultimately
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Would You Have Quit? If I was a soldier in the American Continental Army during the Valley Forge time period‚ I would probably have quit the war. The reason that I would want to quit is i wouldn’t want to fight in a war‚ at all. I don’t think that fighting and killing is the answer to a country’s problems. However‚ if i was in the war then I would have quit because times were hard for the soldiers and for the people who were supporting the war‚ the Americans were losing the war‚ and they were
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The term dividend refers to that part of profits of a company which is distributed by the company among its shareholders. It is the reward of the shareholders for investments made by them in the shares of the company. The investors are interested in earning the maximum return on their investments and to maximize their wealth. A company‚ on the other hand‚ needs to provide funds to finance its long-term growth. If a company pays out as dividend most of what it earns‚ then for business requirements
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What Would You Do? Chapter 4 American Express Headquarters‚ New York‚ NY Headquarters‚ New York‚ New York.1 With medical costs rising 10 to 15 percent per year‚ one of the members of your Board of Directors mentioned that some companies are now refusing to hire smokers and that the board should discuss this option at the next month’s meeting. Nationwide‚ about 6‚000 companies refuse to hire smokers. Weyco‚ an employee benefits company in Okemos‚ Michigan‚ requires all applicants to take
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Why Do Firms Pay Dividends? International Evidence on the Determinants of Dividend Policy* DAVID J. DENIS** Krannert School of Management Purdue University West Lafayette‚ IN 47907 djdenis@purdue.edu IGOR OSOBOV Georgia State University Department of Finance Atlanta‚ GA 30303 iosobov@gsu.edu May‚ 2007 We thank Yakov Amihud‚ Harry DeAngelo‚ Linda DeAngelo‚ Diane Denis‚ Jim Hsieh‚ Omesh Kini‚ Erik Lie‚ John McConnell‚ Lalitha Naveen‚ Raghu Rau‚ Steve Smith‚ Jeff Wurgler‚ an anonymous referee
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