by Yeung Yu-Man. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references (leaves 62-64). / ABSTRACT --- p.ii / ACKNOWLEGEMENTS --- p.iv / TABLE OF CONTENTS --- p.v / LIST OF TABLES --- p.vii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter 1.1 --- Dividends Come in Many Forms --- p.2 / Chapter 1.2 --- How Do Companies Decide on Dividend Payments ？ --- p.3 / Chapter 1.3 --- Limitation on Dividend Payments --- p.3 / Chapter 1.4 --- The Analytical Approach --- p.5 / Chapter II. --- EMPIRICAL LITERATURE REVIEW --- p.7 / Chapter 2.1 --- Lintner's Model --- p.7 / Chapter 2.1.1 --- Stability of Dividend Rate --- p.8 / Chapter 2.1.2 --- Stockholders ' Needs and Expectations --- p.9 / Chapter 2.1.3 --- Earnings --- p.10 / Chapter 2.1.4 --- Principal Considerations in Dividend Decisions --- p.10 / Chapter 2.1.5 --- Partial Adjustment Model --- p.11 / Chapter 2.2 --- Fama and Babiak's Empirical Analysis on Dividend Policy --- p.13 / Chapter 2.3 --- Empirical Results for the Hong Kong Market --- p.15 / Chapter 2.4 --- Miller and Modigliani's Model --- p.17 / Chapter 2.4.1 --- No Agency Cost --- p.17 / Chapter 2.4.2 --- No Tax --- p.17 / Chapter 2.4.3 --- Full Information --- p.18 / Chapter 2.4.4 --- No Transformation Cost --- p.18 / Chapter 2.4.5 --- Independent Investment and Financing Decisions --- p.18 / Chapter 2.4.6 --- Summary of M & M Theory [1961] --- p.18 / Chapter 2.4.7 --- Other Considerations --- p.20 / Chapter 2.5 --- The Information Contents of Dividends --- p.20 / Chapter III. --- METHODOLOGY --- p.22 / Chapter 3.1 --- Cash Dividend Policy for Hong Kong Market --- p.22 / Chapter 3.2 --- Stock Dividends and Stock Splits --- p.23 / Chapter 3.3 --- Cash Dividend Payment Practices --- p.25 / Chapter 3.3.1 --- A Preliminary Test on Dividends and Distributed Lags --- p.26 / Chapter 3.3.2 --- Initial Tests of Lintner's Model --- p.26 / Chapter 3.3.3 --- Tests of the Lag Structure . --- p.27 / Chapter IV. --- FINDINGS --- p.28 / Chapter 4.1 --- Cash Dividend Policy for Hong Kong Market --- p.28 / Chapter 4.1.1 --- Background Information --- p.28 / Chapter 4.1.2 --- Principal Considerations in Dividend Decisions --- p.30 / Chapter 4.1.3 --- Other Influences on Dividend Decisions --- p.31 / Chapter 4.1.4 --- Earnings --- p.33 / Chapter 4.1.5 --- Regularity of Payment --- p.36 / Chapter 4.1.6 --- Availability of Cash --- p.37 / Chapter 4.1.7 --- Stability of Rate and Dividend Growth --- p.39 / Chapter 4.1.8 --- Stockholders' Needs and Expectations --- p.40 / Chapter 4.2 --- Stock Dividends and Stock Splits . . . --- p.41 / Chapter 4.2.1 --- Reasons for Stock Dividends --- p.41 / Chapter 4.2.2 --- Reasons for Stock Splits . . --- p.43 / Chapter 4.3 --- Cash Dividend Payment Practices --- p.44 / Chapter 4.3.1 --- A Preliminary Test on Dividends and Distributed Lags --- p.44 / Chapter 4.3.2 --- Initial Tests of Lintner's Model --- p.48 / Chapter 4.3.3 --- Tests of the Lag Structure . --- p.51 / Chapter V. --- CONCLUSIONS --- p.54 / APPENDIX --- p.56 / BIBLIOGRAPHY --- p.62
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_318863 |
| Date | January 1992 |
| Contributors | Yeung, Yu-man., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, vii, 64 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
Page generated in 0.0022 seconds