This thesis investigates the determinants of cash holdings for companies operating in the travel and leisure sector of the United Kingdom (UK) between 2005 and 2016. Following the predictions of three prominent models, ...

This study examines the dividend payout determinants of travel and leisure companies in five Western European countries that are ranked among the world’s top ten tourist destinations, namely, France, Spain, Italy, Germany, ...

Fluctuations in foreign currency (FC) always have been a source of concern for multinational companies exoposed to higher FC risk compared to domestic companies. These companies employ different hedging strategies to ...

Dividend policy is an important part of the financial policy of modern companies and is one of the tools that ensures the investment attractiveness of the company. The mechanism of distribution of net profit has a ...

The optimal mix of capital structure has been an important task of managers in all corporations. A wrong decision may result in financial distress or bankruptcy. This is why analysis of capital structure is an important ...

Share repurchases have become substitute for cash dividends. In a share repurchase program, a corporation buys back its own shares. It has been a common practice in the developed markets. However, the strict regulations ...