Search results
Results from the WOW.Com Content Network
The Modigliani–Miller theorem states that dividend policy does not influence the value of the firm. [4] The theory, more generally, is framed in the context of capital structure, and states that — in the absence of taxes, bankruptcy costs, agency costs, and asymmetric information, and in an efficient market — the enterprise value of a firm is unaffected by how that firm is financed: i.e ...
The primary difference between SPM and the Walter model is the substitution of earnings and growth in the equation. Consequently, any variable which may influence a company's constant growth rate such as inflation, external financing, and changing industry dynamics can be considered using SPM in addition to growth caused by the reinvestment of ...
Lintner's dividend policy model is a model theorizing how a publicly traded company sets its dividend policy. The logic is that every company wants to maintain a constant rate of dividend even if the results in a particular period are not up to the mark. The assumption is that investors will prefer to receive a certain dividend payout.
For premium support please call: 800-290-4726 more ways to reach us
For other considerations, see dividend policy and Pecking order theory. A range of explanations is provided. [3] [2] The long term holders of these stocks are typically institutional investors. These (often) have a need for the liquidity provided by dividends; further, many, such as pension funds, are tax-exempt. (See Clientele effect.)
[16] [17] Following von Seeckt's example, Model kept aloof from politics in the chaotic period that marked the birth of the Weimar Republic, [15] but the experience of the early 1920s left him with an abhorrence of communism. [18] While billeted in the Ruhr, Model became acquainted with Herta Huyssen, and they were married in Frankfurt on 11 ...
The dividend discount model does not include projected cash flow from the sale of the stock at the end of the investment time horizon. A related approach, known as a discounted cash flow analysis , can be used to calculate the intrinsic value of a stock including both expected future dividends and the expected sale price at the end of the ...
A Theory of Achievement Motivation, By John William Atkinson and Norman T. Feather, Volume 6, Wiley, (1966), Krieger Pub Co (June 1, 1974), ISBN 0-88275-166-2 Motivation and Achievement , By John William Atkinson and Joel O. Raynor , Winston; [distributed by Halsted Press Division, New York] (1974) ISBN 0-470-03626-5 , ISBN 978-0-470-03626-6