Financial Ratio Analysis on Morrison Supermarket PLC: Assignment 1 Contents Page 1.0 Introduction …………………………………………………………………………….2 2.0 Calculations and Analysis of Findings with Recommendations………………………………………………………. ………….………...2-6 3.0 Discussion ………………………………………………………………………………6 4.0 Conclusion ……...………………………………………………………………………7 Appendices……………………………………………………………………………….8-11 Reference List ……………………………………………………………………………12-13
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NEKN82 EMPIRICAL FINANCE LAB 3 Report Done by: Lang‚ Qin 1988-12-05 Low Lihui Valerie 1989-09-24 Q1 Before we evaluate the actual investment performance of the five constructed portfolios for period 1992.02-2008.07‚ we firstly calculate the mean‚ variance and standard deviation of each of the portfolio using Excel. The results are generated as below: Portfolios | Z1 | Z2 | Z3 | Z4 | Z5 | Zm | Mean | 0.008490 | 0.003843 | 0.009980 | 0.000141 | 0.004840 | 0.0066 | Variance |
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TABLE OF CONTENTS List of Tables i List of Figures iv Abstract v Key Terms ix CHAPTER-1 Introduction 1.1 Introduction to Dividends 1 1.2 A Short History of Dividend Policy 6 1.3 Dividend Policy 9 1.4 Economic Rationale to Dividends 12 1.5 Dividend Policy and its Linkages with other Financial Policies 15 1.6 Pure Vs Smoothed Residual Dividend Policy 16 1.7 Dividend Declaration Process 17 1.8 Alternative Forms of Dividends 18
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Assignment 1 Examined topic or field of the literature review article The article is called Dividend policy: A review of Theories and Empirical Evidence. In this article‚ the main theories on dividend policy are described and their credibility is evaluated. Connection between the reviewed paper and my research proposal According to my research proposal‚ the master thesis topic will be “Comparative analysis of companies’ dividend policy: international perspective”. Therefore‚ the literature
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Journal of Financial Economics 4 (1977) 129-176. (0 North-Holland A CRITIQUE OF THE ASSET PRICING Publishing Company THEORY’S TESTS Part I: On Past and Potential Testability of the Theory* Richard ROLL* University of California‚ Los Angeles‚ l CA 90024‚ U.S.A. Received June 1976‚ revised version received October 1976 Testing the two-parameter asset pricing theory is difficult (and currently infeasible). Due to a mathematical equivalence between the individual return/beta’ linearity relation
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Dividend Policy: Clientele Effects and Signalling Model Literature Review Sharon Theresia 17132233 Corporate Finance 307 Singapore Campus Abstract Two of the most influential dividend policies are being reviewed and compared. in this paper‚ clientele effects and signalling model are two chosen policies. Findings implied that clientele is shaped by tax preferences of shareholders which in the end will determine companies’ ideal dividend policies. It is also believed that amount of paid dividend
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investor?’‚ ‘How big is the risk to the investor?’ ‘What risk is acceptable to the investor?’ ‘What is the trade-off?’ Not only do these questions ensure the analyst is fulfilling the desires of their client by ascertaining their aversion to risk‚ (Lintner‚ 1965‚ p. 596) they also tellingly depict an underlying reserved nature. Computations There are a range of calculations that exist to measure the likeliness of risk associated with any potential investment. Some of the computations include
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2431–2456. Dhrymes‚ P. (1967). Investment‚ dividends and external finance behavior of firms. In Determinants of investment behavior. New York‚ NY: Columbia University Press. Hall‚ B. (2010). The financing of R&D and innovation. Amsterdam: Elsevier B.V. Lintner‚ J. (1956). Distribution of incomes of corporations among dividends‚ retained earnings‚ and taxes. The American Economic Review 46‚ 97–113. Peterson‚ P. (1983). A reexamination of the empirical relationship between investment and financing decisions
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A SURVEY OF DIVIDEND PRACTICES IN KENYA: A CASE STUDY OF QUOTED FIRMS IN THE NAIROBI STOCK EXCHANGE JUNE 2009 ACKNOWLEDGEMENT We are grateful to our supervisor‚ Mr. Luther Otieno for tirelessly guiding us throughout the writing of the project. Indeed‚ his encouragement and wise counsel greatly inspired us throughout the period we were writing this project. In addition‚ we thank all the lecturers at the University of Nairobi who taught us during our undergraduate studies. We are also grateful
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Changing the economy in various ways‚ such as Industrialization and Immigration can affect the country in either good or bad ways. Back in the late 1800’s‚ the economy and the country was very different than it is known to be today. Westward expansion‚ industrialization‚ presidents and their decisions‚ immigration‚ and W.W.I are some events that have occurred to have changed the economy. Woodrow Wilson passed many laws such as the Clayton Antitrust Act‚ Federal Trade Commission Act‚ Federal Reserve
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