Zobrazeno 1 - 10
of 25
pro vyhledávání: '"Nalinaksha Bhattacharyya"'
Autor:
Nalinaksha Bhattacharyya
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Accounting & Finance. 60:1007-1022
Using a model based on Bhattacharyya (2007), we predict a positive (negative) relationship between the earnings retention ratio (dividend payout ratio) and managerial compensation. We use tobit regression to analyse data for New Zealand firms' divide
Publikováno v:
Journal of Finance Issues. 13:40-53
Analysis of mutual fund advertisements in previous research has shown that most (88%) do not contain all the requisite information on the risk-return trade-off, principal-agent conflict, and transaction costs that consumers need to optimize their inv
Autor:
Nalinaksha Bhattacharyya
Publikováno v:
Journal of Finance Issues. 10:99-114
Finance textbooks recommend the use of Net Present Value (NPV) as the evaluation tool for Capital Budgeting. Yet surveys of managers have consistently shown that managers prefer Internal rate of Return (IRR) to NPV. This article rigorously establishe
Publikováno v:
Dividends and Dividend Policy
Publikováno v:
Managerial Finance. 34:585-601
PurposeThis paper seeks to present and test a model of the association between dividend payout and executive compensation.Design/methodology/approachThe authors develop a model based on Bhattacharyya whereby managerial quality is unobservable to shar
Autor:
Nalinaksha Bhattacharyya
Publikováno v:
Managerial Finance. 33:4-13
PurposeThis paper aims to briefly review principal theories of dividend policy and to summarize empirical evidences on these theories.Design/methodology/approachMajor theoretical and empirical papers on dividend policy are identified and reviewed.Fin
Autor:
Nalinaksha Bhattacharyya, Leyuan You
Publikováno v:
SSRN Electronic Journal.
Traditional finance theories assume that investors are risk averse whereas in reality investors exhibit both risk averse and risk seeking behaviors. For example the same individual could be purchasing insurance (risk averse) and lottery ticket (risk
Publikováno v:
SSRN Electronic Journal.
In this paper, we develop and test empirically a model of capital structure. We show analytically that the square of 1 minus the debt ratio (total debt divided by total assets) is positively associated with the inverse of total assets and negatively
Publikováno v:
International Journal of Bank Marketing. 23:296-316
Purpose – Finance theory proposes that consumers require information about the risk‐return trade‐off credibility information to relieve principal‐agent conflict concerns, and transaction cost information – for investment decisions. This pap