教師資料查詢 | 類別: 期刊論文 | 教師: 黃河泉 HO-CHUAN HUANG (瀏覽個人網頁)

標題:Bayesian Analysis of the Dividend Behaviour
學年89
學期2
出版(發表)日期2001/06/01
作品名稱Bayesian Analysis of the Dividend Behaviour
作品名稱(其他語言)
著者Huang, Ho-Chuan (River)
單位淡江大學財務金融學系
出版者Abingdon: Routledge
著錄名稱、卷期、頁數Applied Financial Economics 11(3), pp.333-339
摘要In contrast to conventional setup, a type 2 Tobit model is proposed to characterize the dividend behaviour. In the model, the selection regression determines whether a company would pay dividends whereas the output regression decides how much dividend a company will pay given that the company has decided to pay dividends. This modelling allows for the possibility that these two decisions might be affected by different variables and a given variable might influence each of the two decisions differently. Estimation is carried out via the Gibbs sampler with data augmentation algorithm which has been shown to be conceptually easy as well as computationally feasible and provides exact small sample properties.
關鍵字
語言英文
ISSN0960-3107
期刊性質國外
收錄於
產學合作
通訊作者Huang, Ho-Chuan (River)
審稿制度
國別英國
公開徵稿
出版型式紙本
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