{"id":"https://openalex.org/W2061484680","doi":"https://doi.org/10.1007/s00780-011-0169-5","title":"Optimal dividend policies for a class of growth-restricted diffusion processes under transaction costs and solvency constraints","display_name":"Optimal dividend policies for a class of growth-restricted diffusion processes under transaction costs and solvency constraints","publication_year":2012,"publication_date":"2012-01-18","ids":{"openalex":"https://openalex.org/W2061484680","doi":"https://doi.org/10.1007/s00780-011-0169-5","mag":"2061484680"},"language":"en","primary_location":{"id":"doi:10.1007/s00780-011-0169-5","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-011-0169-5","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101460379","display_name":"Lihua Bai","orcid":"https://orcid.org/0000-0002-2862-3264"},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Lihua Bai","raw_affiliation_strings":["Department of Mathematical Sciences and LPMC, Nankai University, Tianjin, 300071, China","Nankai University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematical Sciences and LPMC, Nankai University, Tianjin, 300071, China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Nankai University","institution_ids":["https://openalex.org/I205237279"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5067538733","display_name":"Martin Hunting","orcid":null},"institutions":[{"id":"https://openalex.org/I4432739","display_name":"University of Bergen","ror":"https://ror.org/03zga2b32","country_code":"NO","type":"education","lineage":["https://openalex.org/I4432739"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Martin Hunting","raw_affiliation_strings":["Department of Mathematics, University of Bergen, Johs. Brunsgt. 12, 5008, Bergen, Norway","University of Bergen"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, University of Bergen, Johs. Brunsgt. 12, 5008, Bergen, Norway","institution_ids":["https://openalex.org/I4432739"]},{"raw_affiliation_string":"University of Bergen","institution_ids":["https://openalex.org/I4432739"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5079127645","display_name":"Jostein Paulsen","orcid":"https://orcid.org/0000-0001-8396-2448"},"institutions":[{"id":"https://openalex.org/I124055696","display_name":"University of Copenhagen","ror":"https://ror.org/035b05819","country_code":"DK","type":"education","lineage":["https://openalex.org/I124055696"]}],"countries":["DK"],"is_corresponding":true,"raw_author_name":"Jostein Paulsen","raw_affiliation_strings":["Department of Mathematical Sciences, University of Copenhagen, Universitetsparken 5, 2100, Copenhagen, Denmark","University of Copenhagen"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematical Sciences, University of Copenhagen, Universitetsparken 5, 2100, Copenhagen, Denmark","institution_ids":["https://openalex.org/I124055696"]},{"raw_affiliation_string":"University of Copenhagen","institution_ids":["https://openalex.org/I124055696"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5079127645"],"corresponding_institution_ids":["https://openalex.org/I124055696"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":null,"fwci":2.4842,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.89419286,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"16","issue":"3","first_page":"477","last_page":"511"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11720","display_name":"Probability and Risk Models","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11720","display_name":"Probability and Risk Models","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9926000237464905,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12011","display_name":"Insurance, Mortality, Demography, Risk Management","score":0.9876000285148621,"subfield":{"id":"https://openalex.org/subfields/3317","display_name":"Demography"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/solvency","display_name":"Solvency","score":0.9107378721237183},{"id":"https://openalex.org/keywords/dividend","display_name":"Dividend","score":0.7865171432495117},{"id":"https://openalex.org/keywords/constraint","display_name":"Constraint (computer-aided design)","score":0.6220993399620056},{"id":"https://openalex.org/keywords/mathematical-finance","display_name":"Mathematical finance","score":0.5552416443824768},{"id":"https://openalex.org/keywords/transaction-cost","display_name":"Transaction cost","score":0.5541017055511475},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5329134464263916},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.4656919240951538},{"id":"https://openalex.org/keywords/payment","display_name":"Payment","score":0.4455837309360504},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.32460224628448486},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.3048747181892395},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.23038500547409058},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.21903866529464722},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"Market liquidity","score":0.08650165796279907}],"concepts":[{"id":"https://openalex.org/C2778215004","wikidata":"https://www.wikidata.org/wiki/Q1137437","display_name":"Solvency","level":3,"score":0.9107378721237183},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.7865171432495117},{"id":"https://openalex.org/C2776036281","wikidata":"https://www.wikidata.org/wiki/Q48769818","display_name":"Constraint (computer-aided design)","level":2,"score":0.6220993399620056},{"id":"https://openalex.org/C93373587","wikidata":"https://www.wikidata.org/wiki/Q335632","display_name":"Mathematical finance","level":2,"score":0.5552416443824768},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.5541017055511475},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5329134464263916},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.4656919240951538},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.4455837309360504},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.32460224628448486},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3048747181892395},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.23038500547409058},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21903866529464722},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.08650165796279907},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s00780-011-0169-5","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-011-0169-5","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:finsto:v:16:y:2012:i:3:p:477-511","is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1007/s00780-011-0169-5","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:bora.uib.no:1956/6226","is_oa":false,"landing_page_url":"http://hdl.handle.net/1956/6226","pdf_url":null,"source":{"id":"https://openalex.org/S4306400085","display_name":"Bergen Open Research Archive (BORA) (University of Bergen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4432739","host_organization_name":"University of Bergen","host_organization_lineage":["https://openalex.org/I4432739"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":null},{"id":"pmh:oai:pure.atira.dk:openaire_cris_publications/e7bf4adb-19bc-46c9-9848-2df6d217f1b3","is_oa":false,"landing_page_url":"https://researchprofiles.ku.dk/da/publications/e7bf4adb-19bc-46c9-9848-2df6d217f1b3","pdf_url":null,"source":{"id":"https://openalex.org/S4306401983","display_name":"Research at the University of Copenhagen (University of Copenhagen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I124055696","host_organization_name":"University of Copenhagen","host_organization_lineage":["https://openalex.org/I124055696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Bai , L , Hunting , M & Paulsen , J 2012 , ' Optimal dividend policies for a class of growth-restricted diffusion processes under transaction costs and solvency constraints ' , Finance and Stochastics , vol. 16 , no. 3 , pp. 477-511 .","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.4300000071525574,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W1524094700","https://openalex.org/W1556269498","https://openalex.org/W1580561995","https://openalex.org/W1591710988","https://openalex.org/W1974932729","https://openalex.org/W1995522593","https://openalex.org/W1999140706","https://openalex.org/W2013163585","https://openalex.org/W2018111626","https://openalex.org/W2027234302","https://openalex.org/W2047864380","https://openalex.org/W2074154622","https://openalex.org/W2109595427","https://openalex.org/W2324145175","https://openalex.org/W2780168842","https://openalex.org/W4229911014"],"related_works":["https://openalex.org/W2153554805","https://openalex.org/W3124746325","https://openalex.org/W282484572","https://openalex.org/W2761699488","https://openalex.org/W4379348991","https://openalex.org/W2273294079","https://openalex.org/W2192626524","https://openalex.org/W2884718763","https://openalex.org/W3124546593","https://openalex.org/W3143773001"],"abstract_inverted_index":null,"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":3},{"year":2012,"cited_by_count":3}],"updated_date":"2026-06-19T15:47:20.252518","created_date":"2025-10-10T00:00:00"}