Varma, Urvashi; Raveesh K; Munjal, Alka - In: Cogent economics & finance 9 (2021) 1, pp. 1-19
The paper aims to identify the variables contributing to special payouts considering open market repurchase, tender offer repurchases, and special dividends. A multinomial logit model has been used to investigate the choice of payout out of 754 payout announcements made between 2004 and 2017 in...