Results 61 to 70 of about 58,881 (252)
Contemporary Accounting Research, EarlyView.ABSTRACT We find that banking relationships built through institutional cross‐ownership influence the granting of loans as well as loan contract terms. Firms that are newly added to institutional cross‐owners' portfolios are more likely to borrow from banks that previously issued loans to other firms within the same portfolio.
Zhiming Ma +3 more
wiley +1 more source
Dividend payouts and companies performance in Taiwan [PDF]
Corporate Ownership and Control, 2011 This study examines whether companies performance based on dividend yield are effective in the stock-dividend-prevailing markets. Besides adopting various dividend yield rankings, this study incorporates some financial variables to build portfolios. Empirical results show that for the 2003 to 2007 period, cash dividend companies yielded significantly ...
Chun-Fan You, Ai-Chi Hsu, Ta-Li Shih
openaire +1 more source
Contemporary Accounting Research, EarlyView.ABSTRACT We develop a method for estimating the private value of knowing the future realization of some financial statistics, and then we apply the measure to the familiar ratios from the DuPont decomposition of return on equity. The estimation is grounded in the standard rational expectations model, adapted to accommodate relative risk aversion, and ...
Russell Lundholm, Xin Zheng
wiley +1 more source
International evidence on payout ratio, returns. earnings and dividends
, 2004 Recent US evidence has shown that, contrary to popular wisdom, the greater the proportion of earnings paid out as dividends, the greater the subsequent real earnings growth.
Suddason, Karina +3 more
core +1 more source
The Relationship between Dividend Payout and Price to Earnings
SSRN Electronic Journal, 2017 Using a large database of S&P 1500 index firms spanning an 88-quarter period from 1995 through 2016, we document that market cap (firm size), book-to-market ratio (a proxy for market perception of inverse of growth potential) and industry matter for determining Price-to-Earnings (PE) levels as a function of payout levels: current-period dividend ...
CNV Krishnan, Yifei Chen
openaire +2 more sources
What Do Analyst Financial Modelling Mistakes Tell Us? Evidence from the Properties of Accounting
Abacus, EarlyView.This study develops a novel measure of sell‐side analyst financial modelling mistakes, based on whether an analyst's simultaneous forecasts of earnings, book value of equity, and dividends are internally consistent with the accounting clean surplus relation. I find that the discrepancy of an analyst's forecasts from clean surplus (a proxy for financial
Mark Wallis
wiley +1 more source
Optimal dividend-payout in random discrete time
Statistics & Risk Modeling, 2011 Abstract Assume that the surplus process of an insurance company is described by a general Lévy process and that possible dividend pay-outs to shareholders are restricted to random discrete times which are determined by an independent renewal process.
Albrecher, H. +2 more
openaire +5 more sources
The effect of CEO adverse professional experience on management forecast pessimism
Accounting &Finance, Volume 65, Issue 1, Page 219-250, March 2025.Abstract We examine how CEOs' past experiences of corporate distress affect their subsequent forecast behaviour. We find that CEOs who experienced distress in a non‐CEO position at another firm issue more pessimistic management earnings forecasts after becoming CEO at their current firm.
Eunice S. Khoo +2 more
wiley +1 more source
UK corporate share repurchases: an empirical analysis of corporate motives and payout policies [PDF]
, 2007 This thesis investigates the motives behind share buybacks in the UK, and examines this form of corporate payout in relation to dividends by extending traditional corporate dividend behaviour models to include payouts made through share repurchases ...
Benhamouda, Zoubeida
core
CEO Inside Debt Holdings and Risk-shifting: Evidence from Bank Payout Policies [PDF]
, 2014 Bank payouts divert cash to shareholders, while leaving behind riskier and less liquid assets to repay debt holders in the future. Bank payouts, therefore, constitute a type of risk-shifting that benefits equity holders at the expense of debt holders. In
Srivastav, Abhishek +5 more
core +1 more source