Does dividend policy matter?
Article Abstract:
Conventional finance theory says that the dividend policy implemented by companies is not important to shareholders, since it makes no difference to shareholders if the firm retains earnings for investment or pays a dividend. In the former case, share prices should rise and the shareholder should enjoy a capital gain. However, this theory depends on several assumptions: for example it assumes perfect capital markets; that shareholders and firms have access to the same information on the potential returns from new investments; and it ignores taxes.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1996
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The Public Sector Borrowing requirement
Article Abstract:
The UK term for the budget deficit is the public sector borrowing requirment, or PSBR. The PSBR illustrates the gap between government expenditure and revenue. From the late 1980's onward the gap between expenditure and incoming revenue has steadily widened. There was concern about the size of the PSBR in the early 1990's, as large amounts of government borrowing were likely to adversely affect the international financial markets. Companies concerned about the UK economy were less likely to expand or increase investment.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1993
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The changing face of UK supply-side policy
Article Abstract:
The supply and demand of goods and services are high on the agenda of both the largest UK political parties. Output of goods is related to labour supply, investment in staff and plant and research and development. The UK economy may have restrictions which inhibit company growth. These may include capital restrictions and labour mobility, which reduces the incentive for training.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1992
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