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Short-termism, shareholder payouts, and investment in the EU

Fried, Jesse M.; Wang, Charles C. Y. - 2020

and dividends---is incomplete and misleading: it ignores large offsetting equity issuances that move capital from …

Persistent link: https://www.econbiz.de/10012511344

Allen, Franklin; Michaely, Roni - 2003

-related literature on dividends explores the implications of differential taxes on dividends and capital gains on stocks’ valuation and … firms’ propensity to pay out cash in the form of dividends. The issues investigated in this literature are of central … perspective, dividends should be minimized. We review the theoretical as well as empirical literature on Signaling …

Persistent link: https://www.econbiz.de/10014023869

Modeling Managers As EPS Maximizers

Ben-David, Itzhak; Chinco, Alex - 2023

Textbook theory assumes that firm managers maximize the net present value of future cash flows. But when you ask them, the people running large public corporations say that they are maximizing something else entirely: earnings per share (EPS). Perhaps this is a mistake. No matter. We take...

Persistent link: https://www.econbiz.de/10014351328

The value of financial flexibility and corporate financial policy

Rapp, Marc Steffen; Schmid, Thomas; Urban, Daniel - In: Journal of Corporate Finance 29 (2014) C, pp. 288-302

payouts, prefer share repurchases to dividends, and exhibit lower leverage ratios. Moreover, these firms tend to accumulate …

Persistent link: https://www.econbiz.de/10011117522

Financial management in China

Jiang, Zhan; Kim, Kenneth A. - In: Journal of Multinational Financial Management 23 (2013) 3, pp. 125-133

This paper introduces the Journal of Multinational Financial Management's special issue on financial management in China. We provide a brief literature review of China's financial management policies, practices, and recent research findings, and describe how papers published in this special...

Persistent link: https://www.econbiz.de/10010664205

Dividend Policy and Capital Structure : Testing Endogeneity

Abbas, Asad - 2016

The study is aimed at exploring the relationship between dividend payout and capital structure, and to explore the determinants of dividend policy and capital structure of manufacturing sector of Pakistan. Penal data ranging from 2006 to 2011 of selected 100 manufacturing firms of Pakistan is...

Persistent link: https://www.econbiz.de/10012997095

Blockholder Leverage and Payout Policy : Evidence from French Holding Companies

Anantavrasilp, Sereeparp - 2019

entities individually and find that on average only 60% of dividends are passed through to the ultimate owners, with the rest …

Persistent link: https://www.econbiz.de/10012906183

Blockholder Leverage and Payout Policy : Evidence from French Holding Companies

Anantavrasilp, Sereeparp - 2019

entities individually and find that on average only 60% of dividends are passed through to the ultimate owners, with the rest …

Persistent link: https://www.econbiz.de/10012906198

Investment Decision and Dividend Policy as Determinants of Financing Decision : A New Empirical Evidence

2012

This study investigates empirically effect of investment decision and dividend policy on financing decision. This research uses two proxies that represent investment decision those are actual investment and investment opportunity. The effects of size effect and profitability are controlled in...

Persistent link: https://www.econbiz.de/10013107145

Outlasting the Pandemic : Corporate Payout and Financing Decisions During COVID-19

Pettenuzzo, Davide; Sabbatucci, Riccardo; Timmermann, Allan - 2021

financial markets. We examine its effect on firms’ strategies for preserving cash by suspending dividends and buybacks and …

Persistent link: https://www.econbiz.de/10013233950