This paper examines cash dividends and share repurchases in Japan - discerning between keiretsu and non … United States, share repurchases in Japan have grown strikingly across firm groupings even relative to cash dividends which … have also increased. Unlike in the United States, cash dividends remain the dominant form of payout across the groupings of …

existing payout literature studies by analyzing jointly the trends in dividends and share repurchases.Unlike in the US, we find … repurchases is increasing, but dividends still constitute a vast proportion of the total payout.Firms repurchasing shares usually … pay dividends as well.We also document that there is a strong relationship between the presence of blockholders and the …

We first extend Baker and Wurgler's (2004a) catering theory of dividends to share repurchases. Consistent with the … for testing the dividend substitution hypothesis. Consistent with the notion that managers consider dividends and share …, whereas the repurchase premium negatively affects the choice to pay dividends. …

We study the tax regulations in relation to dividends and capital gains over the last two decades for the UK in order … to determine whether changes in tax regimes affect corporate payout policy (dividends, share repurchases, or a …

We analyze the payout channel choice of listed UK firms and examine whether the choice between dividends, share … value of the CEO’s stock options and restricted stock, whereby anticipated dividends drive down the value of her equity …

This study explores why firms distribute excess cash as specially designated dividends (SDDs) instead of using regular … dividends or repurchasing shares. We survey top managers of NASDAQ, AMEX, and NYSE firms issuing at least one SDD between 1994 … regular dividend increases, but paying regular dividends is part of a firm’s standard dividend policy. The primary motives for …

-2010. We find that founding family firms have higher dividends and total pay-outs than non-family firms. There is no …

(dividends and share repurchases) decisions. …

the existing literature by analyzing the trends in both dividends and total payouts (including share repurchases).In a …