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Singapore Management University

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Articles 661 - 665 of 665

Full-Text Articles in Corporate Finance

The Determination Of Audit Fees: Analysis In The Singapore Context, Lay Chin Low, Pearl Hock Neo Tan, Hian Chye Koh Mar 1990

The Determination Of Audit Fees: Analysis In The Singapore Context, Lay Chin Low, Pearl Hock Neo Tan, Hian Chye Koh

Research Collection School Of Accountancy

Presents information on a study which addressed the issue of audit fees determination in the audit services market in Singapore. Research design and methodology; Contributions and limitations of audit models; Conclusions.


Dividend Policy And Tax Structure, Kian Guan Lim Dec 1989

Dividend Policy And Tax Structure, Kian Guan Lim

Research Collection Lee Kong Chian School Of Business

We show that a certain class of progressive tax structure induces an optimal dividend policy which is autogressive in nature. The theoritical model is consistent with empirically observed dividend policies.


The Rate Of Return Under Re-Capitalization: A Note, Mohamed Ariff, Kian Guan Lim Oct 1988

The Rate Of Return Under Re-Capitalization: A Note, Mohamed Ariff, Kian Guan Lim

Research Collection Lee Kong Chian School Of Business

The article discusses issues related to variations in rate of return of stocks under re-capitalization. Share returns are commonly adjusted for re-capitalization by distributing the difference between market and exercise prices over the number of shares. Re-capitalization is said to occur when the total amount of equity capital or number of shares in a firm changes. New issues usually take the form of bonus issues or new paid-up issues called rights issues, which do not change the amount of equity.


Attitudes And The Risk-Return Paradox: Prospect Theory Explanations, Avi Fiegenbaum, Howard Thomas Mar 1988

Attitudes And The Risk-Return Paradox: Prospect Theory Explanations, Avi Fiegenbaum, Howard Thomas

Research Collection Lee Kong Chian School Of Business

This study attempted to explain Bowman's risk-return paradox in terms of recent research in behavioral decision theory and prospect theory. The research emphasized the role of reference, or target, return levels in analyzing risky choices. For returns below target, a large majority of individuals appear to be risk seeking; for returns above target, a large majority appear to be risk averse. Using extensive COMPUSTAT-based data on U.S. firms, we consistently found a negative risk-return association for firms having returns below target levels and a positive association for firms with returns above target. These results support the basic propositions of prospect …


Toward A Contingency Model Of Strategic Risk Taking, Inga Skromme Baird, Howard Thomas Apr 1985

Toward A Contingency Model Of Strategic Risk Taking, Inga Skromme Baird, Howard Thomas

Research Collection Lee Kong Chian School Of Business

A model of strategic risk taking incorporating environmental, industrial, organizational, decision maker, and problem variables is presented. The model is intended to be both a preliminary conceptualization of strategic risk taking and a stimulant for future research on risk taking in strategic management decisions. Relevant research from a number of disciplines is summarized, and the potential impacts of particular variables on the propensity to take strategic risks are examined.