Dividend policy is one of the key measures in corporate finance for all corporations and across all industries. Usually corporations retain a portion of their earnings and pay the residual as a dividend to stockholders. However, how companies set their dividend payments can vary significantly and is often viewed as a puzzle. A firm’s decision about dividends is often mixed with other financing and investment decisions. Some firms pay low dividends because management is optimistic about the firm’s future and wishes to retain earnings for expansion. In this case the dividend policy is a by-product of the firm’s capital budgeting decision. Other firms finance their capital expenditures largely by borrowing. This strategy releases cash for dividends. In this case the firm’s dividend is a by-product of the capital structure policy.
Additionality is a key requirement for the renewables based electricity to be used by electrolysers to produce renewable hydrogen. Additionality could be defined as the requirement that renewables-based electricity used [...]
China has always upheld multilateralism and has advocated the use of multilateral mechanisms to jointly address global climate change issues. This paper discusses what China does and why, and how [...]
Around 75% of European cargo transport operations in terms of ton-kilometers are performed by trucks, which, in turn, entail massive environmental and societal impacts. Prior to the COVID-19 pandemic, road [...]