...). © Emerald Group Publishing Limited 2011 India Business policy Corporate strategy Risk management In recent decades, the changing environment has posed a threat to the value maximization process in organizations. Catastrophes and systemic shocks altered the way risk was managed...

... Emerald Group Publishing Limited 2011 Saudi Arabia Islam Dividends Cash flow Business policy Life‐cycle theory is used to explain the variation of dividend payments between firms (Grullon and Michaely, 2002 ; DeAngelo and DeAngelo, 2006 ; DeAngelo et al., 2006 ; Denis...

... function as a signal of expected cash flows. Khaled Hussainey can be contacted at: Khaled.Hussainey@stir.ac.uk © Emerald Group Publishing Limited 2011 United Kingdom Dividends Business policy Share prices Issues of dividend policy range from its puzzle by Black (1976...