Results 1 to 10 of about 4,101,199 (361)
Analyzing robust dividend payout policy with dynamic panel regression: Application of speed of adjustment to half-life. [PDF]
PLoS ONEThis study aims to observe the effects of financial metrics, free float shareholders, GDP growth and firm age on dividend payout policy in both the short- and long-term scenarios.
Kittisak Jangphanish +2 more
doaj +3 more sources
Payout Policy in the 21st Century [PDF]
SSRN Electronic Journal, 2004 We survey 384 financial executives and conduct in depth interviews with an additional 23 to determine the factors that drive dividend and share repurchase decisions. Our findings indicate that maintaining the dividend level is on par with investment decisions, while repurchases are made out of the residual cash flow after investment spending. Perceived
Alon Brav +3 more
core +7 more sources
Research in Globalization, 2022 The paper investigates the role of board dynamics in explaining the effect of payout policy on shareholders’ wealth creation at the market and bank levels.
Daniel Ofori-Sasu +3 more
doaj +2 more sources
Productivity and Payout Policy
SSRN Electronic Journal, 2022 AbstractI investigate how a firm's total factor productivity (TFP) is related to its payout policy. I find that firms with higher TFP are more likely to pay dividends and repurchase shares. Such firms also pay higher dividends and repurchase more shares, even after controlling for income and other factors known to affect payout policy.
Manoj Kulchania
openaire +2 more sources
Control structures and payout policy [PDF]
Managerial Finance, 2005 PurposeThis paper seeks to examine whether or not divident policy is influenced by the firm's corporate control structure, investigating the relationship between the dynamics of earnings payout and the voting power enjoyed by different types of shareholders.
Renneboog, L.D.R., Trojanowski, G.
openaire +10 more sources
Institutional Tax Clienteles and Payout Policy [PDF]
SSRN Electronic Journal, 2008 This paper employs heterogeneity in institutional shareholder tax characteristics to identify the relationship between firm payout policy and tax incentives. Analysis of a panel of firms matched with the tax characteristics of the clients of their institutional shareholders indicates that "dividend-averse" institutions are significantly less likely to ...
Mihir A. Desai, Li Jin
openaire +3 more sources
Taxation and Corporate Payout Policy [PDF]
American Economic Review, 2004 This paper presents new evidence on how corporate payout policy responds to the differential between the tax burden on dividend income and that on accruing capital gains. It describes the construction of weighted average marginal tax rate series for the period since 1929, and it suggests that the enactment of the Job Growth of Taxpayer Relief ...
James Poterba
core +5 more sources
The Shareholder Base and Payout Policy [PDF]
Journal of Financial and Quantitative Analysis, 2009 AbstractWe examine the relation between the shareholder base and payout policy. Consistent with the idea that the shareholder base is related to the cost of external financing, we find that firms with small shareholder bases have lower payout levels and maintain higher cash holdings.
Bodnaruk, Andriy, Östberg, Per
+6 more sources
PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR [PDF]
Jurnal Economia, 2016 Abstrak: Pengaruh Struktur Kepemilikan Terhadap Kebijakan Dividen pada Perusahaan Manufaktur. Struktur kepemilikan sebagai variabel independen dalam penelitian ini diproksikan dengan kepemilikan institusional dan kepemilikan manajerial.
Evy Sumartha
doaj +3 more sources
This paper surveys the literature on payout policy. We start with a description of the Miller-Modigliani payout irrelevance proposition, and then consider the effect of relaxing the assumptions on which it is based.
Franklin Allen, Roni Michaely
openaire +3 more sources