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Payout policy in industrial and financial firms

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1 Published in 2018 at "Global Finance Journal"

DOI: 10.1016/j.gfj.2018.05.005

Abstract: Abstract Using a sample of Swedish publicly listed firms between 1970 and 2013, we examine whether payout policy differs between industrial and financial firms. Specifically, we investigate whether payouts and their composition (primarily dividends and… read more here.

Keywords: payout policy; financial firms; industrial financial; stock repurchases ... See more keywords

CEO inside debt, market structure and payout policy

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1 Published in 2021 at "International Review of Financial Analysis"

DOI: 10.1016/j.irfa.2021.101755

Abstract: Abstract Agency based studies provide conflicting predictions about the relation between CEO inside debt and corporate payout policy. This study argues that market structure provides an empirical setting to test when and how inside debt… read more here.

Keywords: inside debt; ceo inside; debt; payout policy ... See more keywords

The Effect of Financial Flexibility on Payout Policy

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1 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

Hot-Stove Effects: The Impact of CEO Past Corporate Experiences on Dividend Policy

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2 Published in 2021 at "Journal of Financial and Quantitative Analysis"

DOI: 10.1017/s002210902100034x

Abstract: The personal traits of CEOs have been found to influence corporate policy decisions. We examine the impact of CEO past corporate distress experiences on payout policy. CEOs who have experienced a distress event in their… read more here.

Keywords: impact ceo; policy; payout policy; hot stove ... See more keywords

The role of credit default swaps in determining corporate payout policy

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1 Published in 2021 at "Financial Management"

DOI: 10.1111/fima.12381

Abstract: We examine how the introduction of credit default swap (CDS) trading on the debt of individual firms affects corporate payout policy. We find that firms increase payouts to shareholders after the introduction of CDS trading… read more here.

Keywords: payout policy; payout; credit default; corporate payout ... See more keywords