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EFFECT OF DIVIDEND ANNOUNCEMENT ON SHAREHOLDERS’ VALUE EVIDENCE FROM DHAKA STOCK EXCHANGE

Md. Hamid Uddin
Golam Mohammed Chowdhury
www.bd research.com
Summary:

Academic literature suggests that dividend payments should have no impact on shareholders value in the absence of taxes and market imperfections. Hence, companies should invest excess funds in the positive net present value projects instead of paying out them to the shareholders. Literature also suggests that

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CREDIT RISK MODELLING: CURRENT PRACTICES AND APPLICATIONS

Basle Committee on Banking Supervision

Basle, April 1999

Summary:

Over the last decade, a number of the world’s largest banks have developed sophisticated systems in an attempt to model the credit risk arising from important aspects of their business lines. Such models are intended to aid banks in quantifying, aggregating and managing risk across geographical and product lines.

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full text	[ ]	289 Kb

The Business Cycle, International Linkages, and Exchange Rates

International Monetary Fund,1998

summary:

Cyclical fluctuations in economic activity are a feature of the behavior of most economies, and an understanding of their patterns and causes is important to the decisions of both policymakers and market participants. The objectives of macroeconomic policy have long included the avoidance of protracted

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0598CH3.PDF	[ ]	172 Kb

The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empi

Organization of Economic Cooperation & Development,1998

Summary:

The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empirical literature. Two important questions are: do unfunded public

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full text	[ ]	188 Kb

DO FUNDED PENSIONS CONTRIBUTE TO HIGHER AGGREGATE SAVINGS? A CROSSCOUNTRY ANALYSIS

Organization Of Economic Cooperation & Development,1997

Summary:

This paper provides statistically significant international evidence on the interaction between funded pensions and aggregate savings, after controlling for country-specific effects and for other saving determinants that have typically been identified in earlier cross-country studies. Using panel data for eleven

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full text	[ ]	188 Kb

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