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Bodnaruk, Andrij; Östberg, Per - 2012

We examine the relation between the shareholder base and payout policy. Consistent with the idea that the shareholder base is related to the cost of external financing we find that fi rms with small shareholder bases have lower payout levels and maintain higher cash holdings. We show that...

Persistent link: https://www.econbiz.de/10009558399

Illiquidity and the cost of equity capital : evidence from actual estimates of capital cost for U.S. data

Goyal, Amit; Subrahmanyam, Avanidhar; Swaminathan, Bhaskaran - 2021

Illiquidity measures appear to be related to monthly realized returns but do they impact long-run costs of capital (CoC) for firms? Using U.S. data, we find cross-sectional evidence that, controlling for market capitalization, the Amihud (2002) measure of illiquidity is negatively related to CoC...

Persistent link: https://www.econbiz.de/10012800436

Cross-listing in the US and domestic investor protection

O'Connor, Thomas G. - In: The quarterly review of economics and finance : journal … 46 (2006) 3, pp. 413-436

Persistent link: https://www.econbiz.de/10003358654

Do managerial motives impact dividend decisions

Ghosh, Chinmoy; Sirmans, Clemon F. - In: The journal of real estate finance and economics 32 (2006) 3, pp. 327-355

Persistent link: https://www.econbiz.de/10003308699

Long-term stock performance following extraordinary and special cash dividends

Chou, De-wai; Yi, Liu; Zantout, Zaher Z. - In: The quarterly review of economics and finance : journal … 49 (2009) 1, pp. 54-73

Persistent link: https://www.econbiz.de/10003810565

Payout initiation by IPO firms : the choice between dividends and share repurchases

Jain, Bharat A.; Shekhar, Chander; Torbey, Violet - In: The quarterly review of economics and finance : journal … 49 (2009) 4, pp. 1275-1297

Persistent link: https://www.econbiz.de/10003903766

CEO involvement in director selection : implications for REIT dividend policy

Feng, Zhilan; Ghosh, Chinmoy; Sirmans, Clemon F. - In: The journal of real estate finance and economics 35 (2007) 4, pp. 385-410

Persistent link: https://www.econbiz.de/10003621329

REITs, decimalization and ex-dividend stock prices

Hardin, William G.; Liano, Kartono; Huang, Gow-Cheng; … - In: The journal of real estate finance and economics 34 (2007) 4, pp. 499-511

Persistent link: https://www.econbiz.de/10003491288

On the timing and pricing of dividends

Binsbergen, Jules H. van; Brandt, Michael W.; Koijen, … - 2011

We recover prices of dividend strips on the aggregate stock market using data from derivatives markets. The price of a … k-year dividend strip is the present value of the dividend paid in k years. The value of the stock market is the sum of … all dividend strip prices across maturities. We study the properties of strips and find that expected returns, Sharpe …

Persistent link: https://www.econbiz.de/10009009490

Demographics, dividend clienteles and the dividend premium

Lee, King Fuei - In: The quarterly review of economics and finance : journal … 51 (2011) 4, pp. 368-375

Persistent link: https://www.econbiz.de/10009373148