An Evolutionary Algorithmic Investigation of US Corporate Payout Policy

Created by W.Langdon from gp-bibliography.bib Revision:1.8178

@InCollection{Agapitos:NCFE:2011,

• author = "Alexandros Agapitos and Abhinav Goyal and Cal Muckley",
• title = "An Evolutionary Algorithmic Investigation of {US} Corporate Payout Policy",
• booktitle = "Natural Computing in Computational Finance (Volume 4)",
• publisher = "Springer",
• year = "2012",
• editor = "Anthony Brabazon and Michael O'Neill and Dietmar Maringer",
• volume = "380",
• series = "Studies in Computational Intelligence",
• chapter = "7",
• pages = "123--139",
• keywords = "genetic algorithms, genetic programming, US Corporate Payout Policy, Symbolic Regression",
• isbn13 = "978-3-642-23335-7",
• URL = "http://hdl.handle.net/10197/3552",
• URL = "https://researchrepository.ucd.ie/bitstream/10197/3552/1/gp_bookchapter.pdf",
• URL = "http://www.springer.com/engineering/computational+intelligence+and+complexity/book/978-3-642-23335-7",
• DOI = "doi:10.1007/978-3-642-23336-4_7",
• abstract = "This Chapter examines cash dividends and share repurchases in the United States during the period 1990 to 2008. In the extant literature a variety of classical statistical methodologies have been adopted, foremost among these is the method of panel regression modelling. Instead, in this Chapter, we have informed our model specifications and our coefficient estimates using a genetic program. Our model captures effects from a wide range of pertinent proxy variables related to the agency cost-based life cycle theory, the signalling theory and the catering theory of corporate payout policy determination. In line with the extant literature, our findings indicate the predominant importance of the agency-cost based life cycle theory. The adopted evolutionary algorithm approach also provides important new insights concerning the influence of firm size, the concentration of firm ownership and cash flow uncertainty with respect to corporate payout policy determination in the United States.",

}

Genetic Programming entries for Alexandros Agapitos Abhinav Goyal Cal Muckley

Citations