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Dividend Policies of Non-life Insurance Companies
註釋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.