Special Dividends and the Evolution of Dividend Signaling

By H. DeAngelo, L. DeAngelo, Douglas J. Skinner. 2000

291 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/4a74cd0d7723a770cf109bad41c07067cb7441b0

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Citations in the corpus

The Evolving Relation Between Earnings, Dividends, and Stock Repurchases (2008, unknown): “In this sense, they are similar to the traditional role of special dividends (Brickley, 1983; DeAngelo et al., 2000).”
Controlling Stockholders and the Disciplinary Role of Corporate Payout Policy: A Study of the Times Mirror Company (2000, background): “, Ofer and Thakor, 1987; DeAngelo et al., 2000). For TM, stock repurchases are problematic because the Chandler trusts cannot sell their TM stock, and thus cannot participate. In addition, as became evident with the 1994 cable sale, the Chandlers desired greater, not lesser, cash distributions than ”
Do Leverage, Dividend Payout, and Ownership Concentration Influence Firms' Value Creation? An Analysis of Brazilian Firms (2010, background): “Firms signal growth opportunities by paying dividends (DeAngelo et al. 2000).”
Do Firms Manage Earnings to Meet Dividend Thresholds (2008, unknown): “(2005) and Dechow et al. (1995) report that the Jones model for discretionary accruals is sensitive to firm performance. Therefore, we re-estimate discretionary accruals in three ways. First, following Kothari et al. (2005), we compute asset-scaled discretionary accruals for each firm as the discret”
When a Buyback Isn't a Buyback: Open Market Repurchases and Employee Options (2002, unknown): “Fenn and Liang (2001) examine the payout policy of firms in the 1990s. Using Execucomp data on executive stock and options, they find that firms with the greatest potential agency problems (as proxied by high free cash flow and a low market-to-book ratio or low managerial ownership) have the highest”
Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001, unknown): “But subsequent tests of this hypothesis produce mixed results ( DeAngelo et al., 2000; Jagannathan et al., 2000; Grullon and Michaely, 2000).”
What Do Firms Do When Dividend Tax Rates Change? An Examination of Alternative Payout Responses (2014, unknown): “…not panel data—these data are produced for actual market participants, and thus only contain response to the tax change, but CRSP labels these dividends 1232 and 1212, respectively [both codes, following the scheme of DeAngelo, DeAngelo, and Skinner (2000), that are considered regular dividends].”
On the Timing of Dividend Initiations (2007, unknown): “On the issue of special dividends, DeAngelo, DeAngelo, and Skinner (2000) find that firms paying out special dividends normally pay them out quite regularly, suggesting that those payments closely resembled regular dividends.”
Performance consequences of mandatory increases in executive stock ownership (2002, unknown): “Demsetz and Lehn (1985) predict, and Himmelberg, Hubbard, and Palia (1999) find, that there is no relation between equilibrium levels of ownership and firm performance.”