Corporate Dividend Policies: Lessons from Private Firms
By Roni Michaely, Michael R. Roberts. 2012
480 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/b9cf762557b55b9d6de0e5fce915a68981a2c56b
How researchers see this paper
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In Accounting
- Raphael Amit
- Belén Villalonga
- María‐Andrea Trujillo
- Alexander Guzmán
- Yomna Abdulla
- V. Dang
- Arif Khurshed
- Qiang Cheng
In Economics and Econometrics
- Raphael Amit
- Yomna Abdulla
- Belén Villalonga
- V. Dang
- Arif Khurshed
- Richard J. Arend
- G. Bascle
- Yuhai Xuan
Citations in the corpus
- Governance of Family Firms (2015, background): “Michaely & Roberts (2012) find that listed firms and closely held firms with some level of ownership dispersion have higher payout ratios than wholly owned firms.”
- Does Going Public Affect Innovation (2015, unknown): “…along various dimensions, such as investment sensitivity (e.g., Sheen (2009), Asker, Farre-Mensa, and Ljungqvist (2014)), debt financing and borrowing costs (Saunders and Steffen (2011), Brav (2009)), dividend payouts (Michaely and Roberts (2012)), and CEO turnover (Gao, Harford, and Li (2014)).”
- Financial Dependence and Innovation: The Case of Public Versus Private Firms (2017, unknown): “On the one hand, the benefits of an easier access to cheaper capital allow public firms to conduct more mergers and acquisitions (Maksimovic et al. (2012)), to raise more equity capital (Brav (2009)), and to pay more dividends (Michaely and Roberts (2012)) than private firms.”
- Media Coverage and the Cost of Debt (2019, unknown): “We choose 1:1 matching as this procedure is commonly accepted in the literature (see Michaely and Roberts (2012), Chan, Chen, and Chen (2013), and Kirk and Vincent (2014)).”
- Determinants of Corporate Cash Policy: Insights from Private Firms (2013, unknown): “Michaely and Roberts (2012) show that private firms smooth dividends significantly less than their public counterparts.”
- Corporate social responsibility and dividend policy (2018, unknown): “ It has been well documented in the literature that earnings are a key determinant of dividend policy (see, for example, Gul, 1999; Michaely and Roberts, 2012).”