Employee Rights and Dividend Policy Around the World

2010 ◽  
Author(s):  
Bing Yu



2020 ◽  
Vol 12 (05-SPECIAL ISSUE) ◽  
pp. 823-829
Author(s):  
Sherkuziyeva Nasiba Abrorovna
Keyword(s):  


2020 ◽  
Vol 12 (21) ◽  
pp. 8804
Author(s):  
Pedro Verga Matos ◽  
Victor Barros ◽  
Joaquim Miranda Sarmento

Sustainability has become a significant issue for firms and investors throughout the world, although it cannot be attained if policies impact the stability of firms’ dividend policies. In this paper, we use data from the Stoxx Euro 600 firms from 2000 to 2019 and the ESG (environmental, social and governance) scores from Thomson Reuters to assess the relationship between ESG responsibility performances and the firm’s dividend policy. The results indicate that more sustainable firms exhibit a more stable dividend payout. This result is also valid when the ESG pillars are analysed, specifically, the environmental and governance pillars. The findings further suggest that higher ESG scores reveal better long-term alignment with shareholders and other stakeholders due to more proportionally stable profit sharing.



Mathematics ◽  
2021 ◽  
Vol 9 (11) ◽  
pp. 1286
Author(s):  
Peter Brusov ◽  
Tatiana Filatova ◽  
Natali Orekhova ◽  
Veniamin Kulik ◽  
She-I Chang ◽  
...  

For the first time we have generalized the world-famous theory by Nobel Prize winners Modigliani and Miller for the case of variable profit, which significantly extends the application of the theory in practice, specifically in business valuation, ratings, corporate finance, etc. We demonstrate that all the theorems, statements and formulae of Modigliani and Miller are changed significantly. We combine theoretical and numerical (by MS Excel) considerations. The following results are obtained: (1) Discount rate for leverage company changes from the weighted average cost of capital, WACC, to WACC–g (where g is growing rate), for a financially independent company from k0 to k0–g. This means that WACC and k0 are no longer the discount rates as it takes place in case of classical Modigliani–Miller theory with constant profit. WACC grows with g, while real discount rates WACC–g and k0–g decrease with g. This leads to an increase of company capitalization with g. (2) The tilt angle of the equity cost ke(L) grows with g. This should change the dividend policy of the company, because the economically justified value of dividends is equal to equity cost. (3) A qualitatively new effect in corporate finance has been discovered: at rate g < g* the slope of the curve ke(L) turns out to be negative, which could significantly alter the principles of the company’s dividend policy.



2017 ◽  
Vol 34 ◽  
pp. 1-15 ◽  
Author(s):  
Laurence Booth ◽  
Jun Zhou


2007 ◽  
Vol 47 (5) ◽  
pp. 667-687 ◽  
Author(s):  
Thanh Truong ◽  
Richard Heaney
Keyword(s):  


1998 ◽  
Vol 15 (1) ◽  
pp. 149-151
Author(s):  
Tariq El-Diwany

This book presents a most readable perspective on economic and social trendsin the coming century. Though retaining a European focus throughout, the materialspans the world and supports arguments that are of relevance to individualsin whichever continent they may live. The authors describe an incessant marchtoward globalization in finance and industry, a march that is forcing politicalchange upon a Europe that is simply unprepared, a march toward the GlobalTrap.Opening the book, the reader finds himself in San Francisco’s Fairmont Hotel,an oasis of luxury in a desert of mere wealth, where the world’s leading thinkersand elder statesmen have gathered to discuss the future of our planet for anappropriate fee. A most plausible economic horror story follows. In the not-toodistantfuture, machines will replace humans in so many spheres of industry thatthere will be sufficient work for only 20 percent of the developed world’s population.In this 2080 society the 20 percent shall surround themselves with electronicsecurity and wire fences and the 80 percent will be doped with welfarepayments, trivial game shows, and other such “tittytainment.” Amusing catchphrasesspice Global Trap, trivializing yet somehow succeeding in summarizinga whole worldview. One immediately recognizes “MacWorld versus Jihad”as the much predicted confrontation between free market capitalism and Islam.The authors’ main concerns are expounded in a serious manner. They discussthe nature of the massive modem conglomerate whose control lies beyond thereach of national government. Moving their production to the least expensivelocations, these seemingly anonymous entities by default produce their wares inthose countries where environmental protection and employee rights are at aminimum. In another discussion, one’s attention is turned to the speculatorwhose activity impacts upon so many significant areas of modem life.Much attention is paid to the rapidly widening gap between the rich world andthe poor world, a gap which threatens the survival of both. In a sobering portrayalof one possible European future, the barriers are raised against floods ofcheap imports and of immigrants wishing’that they too could share the livingstandards of the rich world. But the immigrant finds himself in the midst of adifferent kind of economic nightmare, a world in which life on a human scale isno longer possible or profitable. in which the individual is enslaved in mortgagedebt, works at maximum output, or, does not work at all. Feeling that they nolonger have a voice in their own destiny, the indigenous population turns towardradical political solutions, toward the protectionist, the xenophobe, and the fascistDoes any of this sound familiar? Of course, the genre of doom and gloom hasa long pedigree, but this is not intellectual pornography for those awaiting theend of the world. There is little, if any, wild extrapolation of current trends inorder to predict future despair. Instead, the authors present well-researched factto support their forecast of what might be if solutions are not found in time ...



2018 ◽  
Vol 41 ◽  
Author(s):  
Ana Gantman ◽  
Robin Gomila ◽  
Joel E. Martinez ◽  
J. Nathan Matias ◽  
Elizabeth Levy Paluck ◽  
...  

AbstractA pragmatist philosophy of psychological science offers to the direct replication debate concrete recommendations and novel benefits that are not discussed in Zwaan et al. This philosophy guides our work as field experimentalists interested in behavioral measurement. Furthermore, all psychologists can relate to its ultimate aim set out by William James: to study mental processes that provide explanations for why people behave as they do in the world.



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