Results 231 to 240 of about 50,669 (283)
Framework for responsive financing of district hospitals of India. [PDF]
Prinja S +5 more
europepmc +1 more source
The Anatomy of an Employment Contract. [PDF]
Fine KS +4 more
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Dividend policy of German firms: A dynamic panel analysis of partial adjustment models [PDF]
Correia da Silva, L. +2 more
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Managerial incentive pay and payout policy : is payout policy used to enrich management?
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Productivity and Payout Policy
SSRN Electronic Journal, 2022AbstractI 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.
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SSRN Electronic Journal, 2014
We survey the literature on payout policy, with a particular emphasis on developments in the past two decades. The cross-sectional empirical evidence for the traditional motivations behind firms paying out (agency, signaling, and taxes) is most persuasive with regard to agency considerations.
Joan Farre-Mensa +2 more
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We survey the literature on payout policy, with a particular emphasis on developments in the past two decades. The cross-sectional empirical evidence for the traditional motivations behind firms paying out (agency, signaling, and taxes) is most persuasive with regard to agency considerations.
Joan Farre-Mensa +2 more
openaire +2 more sources
2023
Abstract The chapter shows how corporate payouts to shareholders, including share repurchases and dividends, can be used as a supplementary tool to manage cash holdings. The various payout types differ with respect to their commitment for future payouts and tax treatment for shareholders.
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Abstract The chapter shows how corporate payouts to shareholders, including share repurchases and dividends, can be used as a supplementary tool to manage cash holdings. The various payout types differ with respect to their commitment for future payouts and tax treatment for shareholders.
openaire +2 more sources
SSRN Electronic Journal, 2003
Payout policy is viewed as a dynamic complement of security design. Security design considerations suggest that firms should optimally use equity to finance assets that are ex ante informationally-sensitive. However, business operations gradually erode the informational sensitivity of a firm's equity by transforming such assets into cash flows that are
Ralph Bachmann, Anjan V. Thakor
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Payout policy is viewed as a dynamic complement of security design. Security design considerations suggest that firms should optimally use equity to finance assets that are ex ante informationally-sensitive. However, business operations gradually erode the informational sensitivity of a firm's equity by transforming such assets into cash flows that are
Ralph Bachmann, Anjan V. Thakor
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Journal of Financial Economics, 1988
Theories of corporate payout policy do not explain the observed form of distributions to shareholders. Although open-market repurchases appear to have tax advantages, cash dividends are overwhelmingly chosen. We argue that there are costs associated with open-market-repurchase programs, since they provide managers with opportunities to use inside ...
Michael J. Barclay, Clifford W. Smith
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Theories of corporate payout policy do not explain the observed form of distributions to shareholders. Although open-market repurchases appear to have tax advantages, cash dividends are overwhelmingly chosen. We argue that there are costs associated with open-market-repurchase programs, since they provide managers with opportunities to use inside ...
Michael J. Barclay, Clifford W. Smith
openaire +1 more source

