Jain, Bharat A.; Shekhar, Chander; Torbey, Violet - In: The Quarterly Review of Economics and Finance 49 (2009) 4, pp. 1275-1297
This study evaluates the economics of the choice of form of payout initiation mechanism adopted by IPO firms. Our results suggest that IPO firms demonstrate a preference for repurchases over dividends as the specific form of payout initiation mechanism. We however, find that while the market...