Results 241 to 250 of about 50,669 (283)

Canadian corporate payout policy

International Journal of Managerial Finance, 2013
PurposeThe purpose of this paper is to examine cash dividends and stock repurchases in Canada from 1988 to 2006 and their relationship with earnings.Design/methodology/approachThe study uses logistic regressions to examine the likelihood of paying dividends and the timing of repurchases and OLS regressions to examine the level of payout.FindingsThe ...
H. Kent Baker, Bin Chang, Shantanu Dutta, Samir Saadi   +3 more
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Leverage target and payout policy

Journal of Financial Research, 2020
AbstractDepending on whether the existing debt is below or above target debt level, some firms are more willing to raise debt (if needed) than others. In this article, I show that firms are more likely to both increase and smooth dividends when they have below‐target debt after controlling for access to debt.
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Litigation risk and payout policy

Managerial Finance, 2020
PurposeThe purpose of the paper is to examine the relationship between litigation risk and payout policy.Design/methodology/approachThe authors employ various regression techniques including probit, logit and tobit regression methodologies to study the relationship between litigation risk (contemporaneous measures, litigation dummy) and payout policy ...
Malm, James, Kanuri, Srinidhi
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Payout Policy and Tax Deferral

The Journal of Finance, 1991
ABSTRACTEquilibrium in the standard finance model implies that value‐maximizing firms make taxable equity payouts, even when deferral effectively allows complete tax escape. Since tax deferral and consumption deferral are inherently jointly supplied goods, an excess aggregate supply of future consumption would result if firms followed conventional ...
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Workplace environment and payout policy

Journal of Economics and Business, 2019
Abstract Firms that encounter lawsuits are subject to unforeseen costs when a case is ruled in favor of the plaintiff. We examine the impact of lawsuits brought against firms and whether this affects the firms’ dividend policy, using unique hand-collected datasets of employee litigations and disputes that include court settlements for employee ...
Omer Unsal, Jennifer Brodmann
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Employment Protection and Payout Policy

Finance, 2018
Cet article analyse la relation entre la législation sur la protection de l’emploi (LPE) et la politique de distribution des entreprises. Les employés ont des droits sur l’entreprise et sont en concurrence avec les actionnaires pour l’attribution des rentes économiques générées. Ainsi, les dirigeants sont influencés par le pouvoir des employés, exprimé
Muhammad Farooq Ahmad, Christof Beuselinck, Helen Bollaert   +2 more
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Institutional Holdings and Payout Policy

The Journal of Finance, 2002
ABSTRACTWe examine the relation between institutional holdings and payout policy in U.S. public firms. We find that payout policy affects institutional holdings. Institutions avoid firms that do not pay dividends. However, among dividend‐paying firms they prefer firms that pay fewer dividends.
Yaniv Grinstein, Roni Michaely
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Managerial Entrenchment and Payout Policy

Journal of Financial and Quantitative Analysis, 2004
AbstractBuilding on the managerial entrenchment literature, we develop and test a novel perspective on payout policy that integrates the influence of internal governance mechanisms, investment opportunities, management compensation, and monitoring by large shareholders.
Aidong Hu, Praveen Kumar
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Social capital and payout policies

Journal of Contemporary Accounting & Economics, 2020
Abstract In this paper, we investigate the relationship between regional social capital and corporate payout policies. Using a large sample of US data, we find a positive relationship between regional social capital and both the likelihood and the amount of cash dividend payouts.
Mostafa Monzur Hasan, Ahsan Habib
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Payout Policy Changes around a Tax Reform: Do Owners or Payout Policy Adjust?

SSRN Electronic Journal, 2008
Tax reforms which affect the taxation of corporate dividends offer excellent opportunities to study dividend clientele effects. We study payout policy changes (dividends and share repurchases) around a major tax reform in Finland in 2004. Contrary to e.g.
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