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
A Litner Model of Payout and Managerial Rents [PDF]
We develop a dynamic agency model where payout, investment and financing decisions are made by managers who attempt to maximize the rents they take from the firm, subject to a capital market constraint.
Bart M. Lambrecht, Stewart C. Myers
core
The heterogeneous associations of universal cash-payouts with breastfeeding initiation and continuation. [PDF]
SSM Popul Health, 2023 Amorim M +4 more
europepmc +1 more source
Distracted shareholders, information asymmetry, and capital markets: Evidence from the REIT industry
Journal of Financial Research, EarlyView.Abstract We examine the impact of institutional monitoring on capital markets in an asset class with inherently low opportunity for agency risk. Despite the REIT industry's transparency, insufficient institutional oversight can produce adverse market outcomes. To capture shareholder distraction, we adapt the Kempf et al.
Collin Gilstrap +3 more
wiley +1 more source
Tax Policy and the Dividend Puzzle [PDF]
This paper offers a new explanation of the dividend puzzle, based upon a model in which firms attempt to signal profitability by distrubuting cash to shareholders.
B. Douglas Bernheim
core
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
Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries. [PDF]
Financ Res Lett, 2022 Ntantamis C, Zhou J.
europepmc +1 more source
Neurophysiological Methods in Accounting and Finance
Journal of International Financial Management &Accounting, EarlyView.ABSTRACT Recent advances in neuroscience have made neurophysiological methods increasingly accessible, creating a timely opportunity to rethink how accounting and financial decisions are studied. Yet accounting and finance research has been slow to exploit its full potential.
Gaia Bassani, Silvio Vismara
wiley +1 more source
Interpreting Ex-Dividend Evidence: The Citizens Utilities Case Reconsidered [PDF]
Numerous empirical studies have attempted to measure the effect of changes in dividend policy on corporate equity values. One of the most popular study methodologies has been an examination of share price changes around ex-dividend days.
James M. Poterba
core
Impact of corporate governance and CEO remuneration on bank capitalization strategies and payout decision in income shocks period. [PDF]
Front Psychol, 2022 Xiang H +4 more
europepmc +1 more source