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5.07% (12.17%) lower dividend (total) payout. Consistent with the flexibility hypothesis, we find that EPL has a greater … increase dividend payouts after employment protection is softened but are reluctant to cut dividends when employment protection …
Persistent link: https://www.econbiz.de/10012928111
(smaller) dividend payouts. Although high long-term institutional holdings also lead to more and larger repurchases, long …
Persistent link: https://www.econbiz.de/10013146714
implications, the study attempts to seek the gap between the various theories and ground realities. The theories of dividend … decisions deliberate various outcomes of a dividend policy followed by a firm. The paper intends to analyze the payout policy … changing dividend policy, and to bring out probable reasons or explanations for it. Further, the study proposes to find out …
Persistent link: https://www.econbiz.de/10013062404
The past two decades have witnessed a sharp surge in corporate equity payout. The annual net equity payout of non-financial public companies in the U.S. averaged $525 billion (in 2010 dollars) per year from 2004 to 2019, compared to only $141 billion during the prior 17-year period. Using...
Persistent link: https://www.econbiz.de/10013313916
The average annual inflation-adjusted amount paid out through dividends and repurchases by public industrial firms is more than three times larger from 2000 to 2019 than from 1971 to 1999. We find that an increase in aggregate corporate income accounts for 37% of the increase in aggregate annual...
Persistent link: https://www.econbiz.de/10012301433
's economic presence of three states is associated with an 8% decrease in the dividend yield or an 11% decrease in the repurchase …
Persistent link: https://www.econbiz.de/10012966618
Shareholder say-on-pay votes allow institutional investors to influence the incentives of managers and, consequently, corporate behaviour. Surprisingly, the preferences of investors on executive compensation have been largely overlooked in the ongoing debates on sustainable corporate behaviour....
Persistent link: https://www.econbiz.de/10014254709
The article analyses inter-dependencies between dividend, capital structure, and cost of capital, factoring the … concentrated ownership. Dividend, leverage, and average cost of capital are inter-linked. However, family firms pay lower dividends …
Persistent link: https://www.econbiz.de/10012023922
Investor-driven "short-termism" is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases and dividends---is incomplete and misleading: it ignores...
Persistent link: https://www.econbiz.de/10012511344
The study aims to evaluate the impact of board traits on the organizations' dividend pay-outratio. For the purpose … statistically significant effect on the dividend pay-outratio. On the same theme, board skills development has significant but … negative effect on the dividend pay-outratio. Nonetheless, the board gender diversity has a positive and insignificant effect …
Persistent link: https://www.econbiz.de/10012664529