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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

Excess Corporate Payouts and Financial Distress Risk

Andriosopoulos, Dimitris - 2020

Firms that follow excessive payout policies (over-payers) are higher on the financial distress spectrum and have lower survival rates than under-payers. In addition, over-payers endure lower future sales and asset growth than under-payers and experience negative abnormal returns in the bond and...

Persistent link: https://www.econbiz.de/10012855729

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

The Effect of Product Market Competition and Financing Constraints on Dividend Payout

Abdoh, Hussein - 2020

for the period 1996 to 2017, we show that competition decreases firms' propensity to make payouts via dividends more if … constraints, creating internally generated funds (through the reduction of dividends) is more important for firms positioned in …

Persistent link: https://www.econbiz.de/10012839724

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