Now showing items 1-2 of 2

    • Do dividends signal more earnings? 

      Tsuchida, Marcos H.; Araújo, Aloísio Pessoa de; Moreira, Humberto Ataíde (Escola de Pós-Graduação em Economia da FGV, 2004-02-01)
      Signaling models have contributed to the corporate finance literature by formalizing 'the informational content of dividends' hypothesis. However, these models are under criticism of empirical literature, as weak evidences ...
    • The trade-off between incentives and endogenous risk 

      Tsuchida, Marcos H.; Araújo, Aloísio Pessoa de; Moreira, Humberto Ataíde (Escola de Pós-Graduação em Economia da FGV, 2004-02-01)
      Standard models of moral hazard predict a negative relationship between risk and incentives, but the empirical work has not confirmed this prediction. In this paper, we propose a model with adverse selection followed by ...