Kinney, Michael R. (contributor) - 2007
-basedexplanations. Results suggest that dividends are less explanatory as to future earnings inthe post-JGTRRA period. Post-JGTRRA dividend … compensation, effectively reimbursing CEOs for decreases in optionvalue. Firms that did not increase dividends in the first year … between contemporary dividend increases andfuture earnings around JGTRRA. Specifically, I investigate whether firms …