【案例名称】Eastboro Machine Tools Corp. (V. 1.1)

【作者】Robert F. Bruner, Casey S. Opitz

【页数】16

【格式】PDF

【语言】英语

【出版日期】2002年3月22日

【学科】金融 (Finance)

【案例编号】UV0013-PDF-ENG

【来源】Darden School of Business

【网页】http://cb.hbsp.harvard.edu/cb/product/UV0013-PDF-ENG

【简介】

This is a Darden case study.

In mid September 2001, Jennifer Campbell, the chief financial officer of this large CAD/CAM (computer-aided design and manufacturing) equipment manufacturer must decide whether to pay out dividends to the firm's shareholders or repurchase stock. If Campbell chooses to pay out dividends, she must also decide on the magnitude of the payout. A subsidiary question is whether the firm should embark on a campaign of corporate image advertising and change its corporate name to reflect its new outlook. Serves as an omnibus review of the many practical aspects of the dividend and share buyback decisions, including (1) signaling effects, (2) clientele effects, and (3) finance and investment implications of increasing dividend payout and share repurchase decisions. Can follow a treatment of the Miller Modigliani dividend irrelevance theorem and serve to highlight practical considerations in setting dividend policy.

【学习目标】

To serve as an omnibus review of the many practical aspects of dividend policy pertaining to dividend and share buyback decisions.

【涉及课题】

Corporate strategy; Dividends; Growth strategy; Valuation

【背景】

Geographic: Minnesota
Industry: Machine tools

【下载】

http://www.mbabbs.com/thread-1529-1-1.html