Payout Policy in the 21st Century

2,211 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Quantile cointegration in the autoregressive distributed-lag modeling framework (2015, methodology): “Second, payout ratios have been monotonically decreasing over time, supporting the survey evidence by Brav et al. (2005) that the target payout ratio may no longer be the preeminent variable affecting payout decisions. Finally and more importantly, we find that the location asymmetries across differ”
Incentives for Tax Planning and Avoidance: Evidence from the Field (2014, background): “12 For example, Graham, Harvey, and Rajgopal (2005), Brav et al. (2005), Slemrod and Venkatesh (2002), Graham and Harvey (2001), Slemrod and Blumenthal (1996), and Trahan and Gitman (1995) report response rates of 10.”
Tax Changes and Asset Pricing (2009, positive): “See for example, Francisco Perez-Gonzalez (2002); Yaniv Grinstein and Michaely (2005); Alon Brav et al. (2005); Raj Chetty and Emmanuel Saez (2005); Graham and Alok Kumar (2006); Magnus Dahlquist, Goran Robertsson, and Kristian Rydqvist (2007); Edith Hotchkiss and Stephen Lawrence (2007); and Mihir ”
Do Managers Overreact to Salient Risks? Evidence from Hurricane Strikes (2017, background): “More recently, this literature has begun to study the effects of bounded rationality (Brav et al., 2005), such as reference point thinking (Baker, Pan and Wurgler, 2012; Baker and Xuan, 2011; Loughram and Ritter, 2002; Ljungqvist and Wilhelm, 2005; Dougal et al.”