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   Articles with "flexibility payout" as a keyword



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The Effect of Financial Flexibility on Payout Policy

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recommendations! Published in 2020 at "Journal of Financial and Quantitative Analysis"

DOI: 10.1017/s002210901800114x

Abstract: We use variation in real estate prices as exogenous shocks to firms’ debt capacity to study the causal effect of financial flexibility on payout policy. We show that an increase in financial flexibility results in… read more here.

Keywords: financial flexibility; flexibility; flexibility payout; payout policy ... See more keywords