Dividends and Share Repurchases
Agenda of This Lecture
Basics about dividends
The (never-ending) saga of Kirk Kerkorian and Chrysler
Evidence on stock market reactions to corporate actions
Hypotheses on firms dividend policy
74) Accordingtotheefficientmarketshypothesis,whoshouldearnthehighestrisk -adjustedreturn
25. Three Men in a Boat by Jerome K Jerome (1889)
Jerome K Jeromes accidental classic about messing about on the
Thames remains a comic gem.
26. The Sign of Four by Arthur Conan Doyle (1890)
Sherlock Holmess second outing sees Conan Doyles brilliant
6. The Life and Opinions of Tristram Shandy, Gentleman by
Laurence Sterne (1759)
Laurence Sternes vivid novel caused delight and consternation
when it first appeared and has lost little of its original bite.
7. Emma by Jane Austen (1816)
Adaptation of the first of J.K. Rowling's popular children's novels about
Harry Potter, a boy who learns on his eleventh birthday that he is the
orphaned son of two powerful wizards and possesses unique magical
powers of his own. He is summoned from his l
16. The Scarlet Letter by Nathaniel Hawthorne (1850)
Nathaniel Hawthornes astounding book is full of intense
symbolism and as haunting as anything by Edgar Allan Poe.
17. Moby-Dick by Herman Melville (1851)
Wise, funny and gripping, Melvilles epic work co
8. Frankenstein by Mary Shelley (1818)
Mary Shelleys first novel has been hailed as a masterpiece of
horror and the macabre.
9. Nightmare Abbey by Thomas Love Peacock (1818)
The great pleasure of Nightmare Abbey, which was inspired
by Thomas Love Peacocks
4. Clarissa by Samuel Richardson (1748)
Clarissa is a tragic heroine, pressured by her unscrupulous
nouveau-riche family to marry a wealthy man she detests, in the
book that Samuel Johnson described as the first book in the world
for the knowledge it disp
18. Alices Adventures in Wonderland by Lewis Carroll (1865)
Lewis Carrolls brilliant nonsense tale is one of the most influential
and best loved in the English canon.
19. The Moonstone by Wilkie Collins (1868)
Wilkie Collinss masterpiece, ha
23. The Adventures of Huckleberry Finn by Mark Twain
Mark Twains tale of a rebel boy and a runaway slave seeking
liberation upon the waters of the Mississippi remains a defining
classic of American literature.
24. Kidnapped by Robert Louis Steven
10. The Narrative of Arthur Gordon Pym of Nantucket by
Edgar Allan Poe (1838)
Edgar Allan Poes only novel a classic adventure story with
supernatural elements has fascinated and influenced generations
11. Sybil by Benjamin Disraeli (1845)
21. Middlemarch by George Eliot (1871-2)
This cathedral of words stands today as perhaps the greatest of the
great Victorian fictions.
22. The Way We Live Now by Anthony Trollope (1875)
Inspired by the authors fury at the corrupt state of England, and
12. Jane Eyre by Charlotte Bront (1847)
Charlotte Bronts erotic, gothic masterpiece became the sensation
of Victorian England. Its great breakthrough was its intimate
dialogue with the reader.
13. Wuthering Heights by Emily Bront (1847)
14. Vanity Fair by William Thackeray (1848)
William Thackerays masterpiece, set in Regency England, is a
bravura performance by a writer at the top of his game.
15. David Copperfield by Charles Dickens (1850)
David Copperfield marked the point at which Di
1. The Pilgrims Progress by John Bunyan (1678)
A story of a man in search of truth told with the simple clarity and
beauty of Bunyans prose make this the ultimate English classic.
2. Robinson Crusoe by Daniel Defoe (1719)
By the end of the 19th century, n
A. Political, Legal, Governmental - These factors determine the extent to which a government
may influence the economy or a certain industry. Political factors include tax policies, Fiscal policy, trade
tariffs etc. that a government may levy around th