Bayat, Ali; Goergen, Marc; Koutroumpis, Panagiotis; … - 2022
pandemic. We hypothesize that conservative CEOs are more likely to downsize their workforce while meeting dividend expectations …. Conversely, other CEOs should be less likely to meet dividend expectations and less likely to downsize. The evidence supports … enables them meet dividend expectations. Importantly, CEOs used the dividend forecasts for 2020 as their benchmark rather than …