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The Impact of Ownership Concentration and Shareholder Identity on Dividend Payout Probabilities : New Evidence from the German Stock Market

Kuhlmann, Sebastian - 2017

-specific determinants of dividend payout probabilities. Only the largest shareholders with equity stakes that are either between 25% and 50 …Numerous studies analyze the impact of ownership concentration and shareholder identity on dividend payout … dividend payments. Because the importance of those proxies varies with the classification techniques applied, we use both …

Persistent link: https://www.econbiz.de/10012947291

Shareholders’ Preferences, Business Cycles and Market Reactions to Dividend Announcements in Public Companies – Empirical Evidence

Perepeczo, Agnieszka - 2015

increase of abnormal returns. The main objective of this paper is to present results of shareholders' reaction to dividend … numerous empirical studies. Observations carried out in developed markets show that dividend initiation decisions result in an … studies is carried out. Next, the sample selection and methodology were discussed. The shareholders' reactions for the whole …

Persistent link: https://www.econbiz.de/10013030482

Private Equity Economics : Compensation and Growth Dynamics

Lim, Wayne - 2022

This paper investigates the compensation and growth dynamics of private equity firms. Using proprietary data, I estimate that about half of their revenue is performance-related and find that current fund performance also has indirect effects on firms’ future revenue. The dynamics of these...

Persistent link: https://www.econbiz.de/10013405195

Cash holdings and financing decisions under ambiguity

Agliardi, Elettra; Agliardi, Rossella; Spanjers, Willy - 2014

This paper addresses the following unresolved questions: Why do some firms issue equity instead of debt? Why did most firms retain their cash holdings instead of distributing them as dividends in recent times? How do firms change their financing policies during a period of severe financial...

Persistent link: https://www.econbiz.de/10011715949

Unlocking Trapped Foreign Cash, Investor Types, and Firm Payout Policy

Olson, Erik - 2020

I study whether trapped foreign cash levels and investor type explain variation in US-based multinationals' payout policy responses to tax-repatriation-driven cash windfalls. To do so, I use the deemed mandatory repatriation of trapped foreign cash included in the 2017 Tax Cuts and Jobs Act...

Persistent link: https://www.econbiz.de/10012847022

Quelques enseignements tirés de la recherche en finance d’entreprise

Schatt, Alain - In: Revue Finance Contrôle Stratégie 11 (2008) Special, pp. 193-235

French managers. Three different types of decisions are analyzed:investment decisions, financing decisions and payout …

Persistent link: https://www.econbiz.de/10005111117

Corporate Governance and Cash Holdings : Evidence from Worldwide Board Reforms

Chen, Ruiyuan (Ryan) - 2020

reforms, firms are more likely to use cash to increase R&D expenditures, dividend payouts, and share repurchases, but not to …

Persistent link: https://www.econbiz.de/10012839468

Why Has the Value of Cash Increased Over Time?

Bates, Thomas W. - 2018

investment opportunity set and cash-flow volatility, as well as secular trends in product market competition, credit market risk …

Persistent link: https://www.econbiz.de/10012940334

State Ownership and Corporate Cash Holdings

Chen, Ruiyuan (Ryan) - 2017

Using a unique sample of newly privatized firms from 59 countries, this study provides new evidence about the agency costs of state ownership and new insight into the corporate governance role of country-level institutions. Consistent with agency theory, we find strong and robust evidence that...

Persistent link: https://www.econbiz.de/10012970406

Economic Policy Uncertainty, Institutional Environments, and Corporate Cash Holdings

El Ghoul, Sadok; Guedhami, Omrane; Mansi, Sattar; Wang, … - 2022

We empirically investigate the effect of economic policy uncertainty (EPU) on corporate cash holdings using a large sample of international firms. EPU intensifies concerns of investors on managerial self-dealing and political extraction. Consequently, the potential cost of cash holdings (i.e.,...

Persistent link: https://www.econbiz.de/10014236540