Stock Option Incentives and Corporate Hedging Decisions: Theory and Empirical Evidence
Financial Markets, Institutions &Instruments, EarlyView.ABSTRACT This paper examines how managerial risk‐taking incentives impact corporate hedging decisions. By nesting a well‐known corporate hedging model within a principal‐agent framework, we show that managers are motivated to maintain the same level of hedge intensity even if they are provided with stock option incentives.
Chengcheng Charlie Huang, Yisong S. Tian
wiley +1 more source
Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm
Cogent Business & Management, 2019 This paper examines the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm. A random-panel data methodological approach underpins this study.
Damilola Felix Eluyela +5 more
doaj +1 more source
Corporate Governance and Dividends Payout in India [PDF]
Journal of Emerging Market Finance, 2006 This article investigates the association between corporate governance and the dividends payout policy for a panel of Indian corporate firms over the period 1994–2000. We explain the differences in the dividend payout behaviour of the firms with the help of firms' financial structure, investment opportunities, dividend history, earnings trend and the ...
openaire +1 more source
The Interaction Between Credit and Labor Market Frictions
International Economic Review, EarlyView.ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley +1 more source
Payout suspensions during the Covid-19 pandemic. [PDF]
Econ Lett, 2023 Pettenuzzo D +2 more
europepmc +1 more source
Assessing the Employee Welfare Impact of Right‐To‐Work Laws: Insights From State‐Level Legislation
Industrial Relations: A Journal of Economy and Society, EarlyView.ABSTRACT We examine the effect of right‐to‐work (RTW) laws on employee welfare using the stacked difference‐in‐differences (DiD) methodology. We posit that RTW laws weaken collective bargaining power, increase free riding, and ultimately reduce employee welfare. We document a significant employee welfare decline following RTW adoption, especially among
Shima Amini +2 more
wiley +1 more source
The relationship between sovereign credit rating changes and firm risk. [PDF]
Heliyon, 2023 Chang CC, Wong WK, Lo ST, Liao YH.
europepmc +1 more source
Optimization of dividend payouts and reinsurance policies under a set ruin probability target [PDF]
, 2019 Christian Kasumo
openalex +1 more source
When attentive insider trading matters: Evidence from government investment
Journal of Financial Research, EarlyView.Abstract We examine whether insiders can exploit public information to increase their trading profitability. By exploiting, as a quasi‐natural experiment, the Bipartisan Infrastructure Law (BIL), announced in the U.S. in March 2021 and implemented in November 2021, we provide evidence that insiders earn higher profits when government investment plans ...
Dimitris Petmezas +3 more
wiley +1 more source
LIKUIDITAS SAHAM, KEBIJAKAN DIVIDEN DAN NILAI PERUSAHAAN
Jurnal Akuntansi dan Auditing Indonesia, 2016 The objective of the paper is to investigate the effects of stock liquidity, dividend policy by the proxy of dividend payout ratio, and dividend policy by the proxy of dividend yield to the value of the firm.
Mursalim Mursalim
doaj