Disappearing dividends: changing firm characteristics or lower propensity to pay?

By Eugene F. Fama, Kenneth R. French. 2001

2,975 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/0d7367b54fdc5ed87759e3d3347ee2fc6d7ccfe6

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Citations in the corpus

Taxation and Corporate Financial Policy (2001, positive): “More recently in the United States, there has been a growth in the percentage of firms not paying dividends (Fama and French 2000).”
Dividend policy and payout ratio: evidence from the Kuala Lumpur stock exchange (2007, result): “This finding is in contrast to the Fama and French (2001)’s finding based on the USA market.”
The international zero-leverage phenomenon (2013, positive): “Fama and French (2001) report a strong increase in new stock exchange listings at the end of the last century.”
The effect of financial reporting quality on corporate dividend policy (2017, neutral): “…and the ratio of retained earnings to common equity and negatively to investment opportunities, ROAvolatility, leverage, and CEO option pay, consistent with our expectations and prior research (e.g., Fama and French 2001, 2002; Fenn and Liang 2001; DeAngelo et al. 2006; John et al. 2011).”
The Worldwide Equity Premium: A Smaller Puzzle (2006, positive): “As noted by Fama and French (2002), among others, the 9.”
The impact of board gender composition on dividend payouts (2017, methodology): “Industry i represents industry-fixed effects based on the Fama and French 49-industry classification and Year t captures the year-fixed effects. Z includes controls that account for the impact of firm characteristics on dividend payout, following Leary and Michaely (2011) and Harford et al. (2008). ”
Dividend policy and share price volatility: UK evidence (2011, result): “Theories of dividend policy Dividend policy has been a strong bone of contention in the area of finance; this is evidenced by numerous studies on dividend policy, from Lintner (1956) to Miller and Modigliani (1961) to Bhattacharya (1979) and, more recently, DeAngelo et al.”
Capital Structure Decisions: Which Factors are Reliably Important? (2009, neutral): “Increasingly, it seems that public firms include currently unprofitable firms with expectations of future profitability, a pattern also noted by Fama and French (2001) and DeAngelo, DeAngelo, and Skinner (2004). We also find that corporate income taxes have declined over time.”
Taxes and Corporate Finance: A Review (2003, neutral): “Second, Fama and French (2001) point out that with few exceptions the panel data examinations do not use statistical techniques that account for cross-correlation in residuals, and therefore many papers do not allow for proper determination of statistical significance for the tax coefficients.”