Dividend policies of non-life insurance companies
Subtitle: a theoretical and empirical analysis
By: Cheng-few Lee, Stephen W. Forbes
Contributors: Forbes, Stephen W. joint author; University of Illinois at Urbana-Champaign. College of Commerce and Business Administration
Series: Faculty working papers -- no. 491; Faculty working papers -- no. 491.
Publisher: College of Commerce and Business Administration, University of Illinois at Urbana-Champaign
Published: 1978
Place of publication: [Urbana, Ill.]
Language: eng
Number of pages: 90
Description: "Dividend policies of non-life insurance companies are theoretically and empirically investigated. Data for 61 companies during 1955-75 are used to determine the dividend payment behavior for non-life insurance companies. In addition, the impact of dividend policy on the value of a firm is empirically tested; the cost of capital for the non-life insurance industry is also estimated in accordance with three alternative methods."
Notes: "The authors gratefully acknowledge the financial support of the S.S. Heubner Foundation for Insurance Education of the University of Pennsylvania. We also acknowledge the assistance of Mr. Dongsae Cho."

Includes bibliographical references (p. 34-35).