Studies on Dividend Policy, Price Volatility, and Ownership Structure
by Giovanni Marseguerra.
Heidelberg
Physica-Verlag HD
1998
(viii, 181 pages 17 illustrations)
Contributions to management science.
Markets and Information: The Information Content of Dividends; An Application of the Kalman Filter; The Effect of Publicly Available Information --; Managers and Stock Price: Dividend Policy and Stock Price Volatility; Volatility of Prices and Volatility of Dividends; A General Framework for the Variance Bounds Inequality --; Ownership Structure and Investments: Value, Ownership, and Equity Linkages; Corporate Grouping and Resource Allocation; Ownership and Investments: A Numerical Example; Ownership Concentration and Corporate Control; Large Investor Activism and Corporate Monitoring.
The book deals with several aspects of the impact of corporate financial decisions on market value. In particular, the implications of market efficiency for prices and dividends are examined in details through both analytical methods and numerical simulations. The book also analyzes: a) the effects of a firm's dividend policy on market value and, b) the influence of ownership structure on shareholder wealth. The book belongs to the area of mathematical economics and is intended to appeal to mathematical economists as well as economists and mathematicians.