IMPACT OF DIVIDEND POLICY ON THE MAXIMIZATION OF SHAREHOLDERS WEALTH. BY LASISI TIRIMISIYU KUNLE REG NO: U08AC1128 Being A Research Project Submitted To The Department Of Accounting‚ Faculty Of Administration‚ Ahmadu Bello University Zaria‚ In Partial Fulfillment Of The Requirements For The Award Of Bachelor Of Science (B.Sc) In Accounting DEPARTMENT OF ACCOUNTING FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY‚ ZARIA JULY‚ 2012 TABLE OF CONTENT CHAPTER ONE: INTRODUCTION 1.1 Background
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corporation. All rights reserved. 1 Shareholder Wealth Effects of Dividend Policy Changes in an Emerging Stock Market: The Case of Cyprus* Nickolaos Travlos ALBA‚ Greece‚ and Cardiff Business School‚ U.K. Lenos Trigeorgis University of Cyprus‚ Cyprus‚ and University of Chicago‚ U.S.A. Nikos Vafeas University of Cyprus‚ Cyprus This article examines the stock market reaction to announcements of cash dividend increases and bonus issues (stock dividends) in the emerging stock market of Cyprus
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`“Critically assess how finance managers can‚ in practice‚ contribute to the maximisation of shareholder wealth”. This essay will examine how finance managers in day to day practice can participate in the aid of increasing maximum shareholder wealth. The focus point of this is based on the financial managers themselves‚ how they can manipulate and change things in order to increase shareholder wealth using certain tools and methods of analysis. Shareholders are deemed as the owners of the business
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Business Finance & Accounting‚ 29(7) & (8)‚ Sept./Oct. 2002‚ 0306-686X Dividend Imputation and Shareholder Wealth: The Case of New Zealand Andrew Prevost‚ Ramesh P. Rao and John D. Wagster* 1. INTRODUCTION Effective from April 1‚ 1988‚ New Zealand changed its existing two-tier `classical ’ dividend taxation regime to full dividend imputation. Corporate income is now only taxed once rather than at both the corporate and shareholder level. Concurrently‚ the New Zealand tax code was revised‚ reducing
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| SHAREHOLDERS WEALTH MAXIMIZATION | 10/11/2010 About GSK - Our company Established in the year 1924 in India GlaxoSmithKline Pharmaceuticals Ltd. (GSK Rx India) is one of the oldest pharmaceuticals company and employs over 3500 people. Globally‚ we are a USD 45 billion‚ leading‚ research-based healthcare and pharmaceutical company. In India‚ we are one of the market leaders with a turnover of Rs. 1860 crore and a share of 5.2 per cent*. At GSK‚ our mission is to improve the quality of
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International Research Journal of Finance and Economics ISSN 1450-2887 Issue 20 (2008) © EuroJournals Publishing‚ Inc. 2008 http://www.eurojournals.com/finance.htm The Impact of Dividend Policy on Shareholders’ Wealth R. Azhagaiah Faculty Member‚ Department of Commerce Kanchi Mamunivar Centre for Post Graduate Studies (Autonomous) (Govt. of Puducherry) Affiliated to Pondicherry Central University Puducherry – 605 008‚ South India E-mail: drrazhagaia@ yahoo.co.in Tel: ++91-0413 – 2255017; Fax:
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The dividend irrelevance theory is a concept that is based on the premise that the dividend policy of a given company should not be considered particularly important by investors. Further‚ the terms of that dividend policy should not have any bearing on the price of the shares of stock issued by that company. With this particular financial theory‚ the idea is that investors can always sell a portion of their shares if they want to generate some amount of cash flow. As with most investment theories
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Running Head: DIVIDENDS AND DIVIDEND POLICY: DOES DIVIDEND Dividends and Dividend Policy: Does Dividend Policy Matter Ronald Jones University of Phoenix August 21‚ 2011 Dividends and Dividend Policy: Does Dividend Policy Matter According to Investor Dictionary‚ corporate finance is the specific area of finance dealing with the financial decisions corporations make‚ and the tools and analysis used to make the decisions. It may be divided as a whole between long term‚ capital
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Dividend policy Dividend policy is concerned with taking a decision regarding paying cash dividend in the present or paying an increased dividend at a later stage. The firm could also pay in the form of stock dividends which unlike cash dividends do not provide liquidity to the investors‚ however‚ it ensures capital gains to the stockholders. The expectations of dividends by shareholders helps them determine the share value‚ therefore‚ dividend policy is a significant decision taken by the financial
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International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Effect of Dividend Policy on Share Holder’s Wealth: “A Study of Sugar Industry in Pakistan” By Mohammad Salman Sarwar University of Gujrat‚ Pakistan Abstract - The present paper focuses on the impact of dividend policy on shareholder’s wealth in sugar industries of Pakistan. For this study we have selected the sample of 33 listed companies of sugar industry out of 36 at
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