We exploit unexpected corporate data breaches to study how firms respond to negative reputation events. Data breaches … negatively affect firm profitability, value, and reputation for years following the event, but are not triggered by high or low …. Firms respond similarly after other negative shocks to their reputation. Our paper represents the first empirical study to …

This paper investigates the effect of corporate risk management on dividend policy. We extend the signaling framework … level, the lower the incremental dividend. This result is in line with the purported positive relation between information … asymmetry and dividend policy (e.g., Miller and Rock, 1985) and the assertion that risk management alleviates the information …

, multiple total stock return measures distinguishing dividend payouts from simple stock returns. Results suggest that both … explicit and implicit risks are positively related to dividend payouts and not to stock returns, while the overall effect on … exposure and, probably as a consequence, boards in carbon intensive companies use dividend policies to attract investment in …

This paper studies the impact of exogenous export demand shocks on firms’ dividend policy using firm specific real …