Search Results - subject_exact:"Dividend"

Corporate share repurchase policies and labor share

Fu, Xudong; Kisgen, Darren; Kong, Lei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339782

Shocking a CEO : economic disintegration and executive compensation in manufacturing and services firm

Merchán, Federico; Görg, Holger - 2025

This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359782

A case study of bank equity valuation methods employed by South African, Nigerian and Kenyan equity researchers

Moyo, Vusani; Obadire, Ayodeji Michael - 2024

The valuation of banks is inherently complicated because of the uncertainties arising from their information opaqueness and inherent risks. Unlike non-banking firms, banks require specialised equity-side valuation approaches. This study addresses a gap in the literature by examining valuation...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014636772

Dividend policy : an empirical analysis for imperial Germany

Burhop, Carsten; Selgert, Felix - 2026

In the German Empire, corporations almost always paid a dividend to their shareholders. Dividends have been cut or increased in line with the development of profits. We demonstrate that the target dividend and the average dividend tended to be nearly the same. If the dividend paid deviated from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618325

Dividend decisions in US Oil & Gas : insights from the upstream sector

Garcia-Amate, Antonio; González-Tejero, Cristina Blanco; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618567

Does an innovative managerial cash dividend policy enhance a firm's total factor productivity?

Bai, Min; Zhang, Dong; Dong, Fangying; Qin, Yafeng - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608455

Comment on "How to share when context matters: the Möbius value as a generalized solution for cooperative games" by A. Billot and J. Thisse (2005)

Dehez, Pierre - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611512

Factor income taxation and the governance dividend

Masi, Tania; Savoia, Antonio; Sen, Kunal - 2026

An influential literature suggests that the rise of taxation should come with a 'governance dividend': the quality of government should improve, because the taxpaying citizenry will subject the ruler to increased scrutiny. While this fits the history of nowadays advanced economies, it is less...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612454

Disruption without dividend? : how the digital divide and task differences split GenAI's Global Impact

Gmyrek, Paweł; Viollaz, Mariana; Winkler, Hernan - 2026

This article examines how generative artificial intelligence (GenAI) could affect labor markets globally, with particular attention to the uneven distribution of risks and opportunities between advanced and developing economies. Cross-country differences in occupational structure suggest that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614902

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Disruption without Dividend? How the Digital Divide and Task Differences Split GenAI’s Global Impact

Gmyrek, Paweł; Viollaz, Mariana; Winkler, Hernan - 2026

Book / Working Paper

Distortions for nothing : optimal taxation of (un)distributed profits

Lehmann, Etienne; Zanoutene, Eddy - 2026

We study the optimal taxation of corporate and dividend income when entrepreneurs can use retained earnings to reduce their tax burden. We show that eliminating dividend taxes while increasing the corporate income tax (CIT) to keep investment unchanged raises total tax revenue. Our simulations...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592346

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Distortions for nothing : optimal taxation of (un)distributed profits*

Lehmann, Etienne; Zanoutene, Eddy - 2026

Book / Working Paper

A leak in paradise : reputation repair policies after offshore data leaks

Bilicka, Katarzyna; Traini, Simone - 2026

We examine whether the public revelation of sensitive tax information prompts firms to adopt reputation repair policies targeting shareholders. Between 2013 and 2021, the International Consortium of Investigative Journalists (ICIJ) released leaked information on over 800,000 offshore entities...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593100

Designing of an investment trust : theoretical foundations

Takata, Fujio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604924

Effects of ESG on dividend policy : the role of sustainability committee

Almulhim, Abdulateif A.; Aljughaiman, Abdullah A. - 2026

This study explores the influence of environmental, social, and governance (ESG) scores on dividend policies, additionally examining the role of sustainability committee as a moderating factor. This study employed the ordinary least squares (OLS), generalized methods of moments (GMM), 2SLS, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605112

Covid-19 pandemic crisis and macroprudential policy measures in Brazil

Bandeira, Fernanda Martins; Ornelas, José Renato Haas - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625394

The dynamics between dividends and index value in South Africa

Akilo, Olushola Christy; Wet, Milan C. de - 2026

Optimal dividend policy remains a key topic of debate in corporate finance, particularly in emerging markets where investor preferences and macroeconomic volatility affect decision making. This study therefore examines the relationship between dividend policy and the Johannesburg Stock Exchange...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639165

Institutional investors, dividend policy, and idiosyncratic volatility : evidence from European equity markets

Enescu, Adrian-Gabriel; Răileanu-Szeles, Monica - 2026

This paper investigates the relationship between institutional ownership and firm-level idiosyncratic volatility across European equity markets, with a particular focus on the moderating role of dividend policy. Using a sample of STOXX Europe 600 constituents from 2005 to 2025, we estimate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643273

Do dividend payments harm investment? : aspects of financialisation in the European Union

Pierros, Chrēstos - 2026

The Draghi Report recently underlined the need to boost low levels of private-sector investment in Europe. This paper investigates the impact of non-financial firms’ dividend policies on their investment activity in the EU. It focuses on three factors: conflicts of interest between managers...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644716

Emotional yields of collectibles

Dimson, Elroy; Kuntara Pukthuanthong; Vorsatz, Blair - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647180

A macroeconomic perspective on stock market valuation ratios

Atkeson, Andy; Heathcote, Jonathan; Perri, Fabrizio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618230

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A macroeconomic perspective on stock market valuation ratios

Atkeson, Andrew; Heathcote, Jonathan; Perri, Fabrizio - 2026

Book / Working Paper

Stakeholder-centric corporate misconduct and financing policies : a precautionary tale

Attig, Najah; El Ghoul, Sadok; Hossain, Ashrafee Tanvir - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559066

How Europe can capture the AI growth dividend

Misch, Florian; Park, Ben; Pizzinelli, Carlo; Sher, Galen - 2026

The medium-term gain in productivity from AI adoption would be rather modest and about 1.1 percent over five years. While the average gains are modest, they vary considerably across countries. AI could have much larger effects over the longer term by creating new industries and value chains, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643974

Dividend policy in a crisis : a pre and post-COVID-19 comparison of DJIA and DAX companies

Hamad, Mirjam; Jobbágy, Anna; Tömöri, Gergő - 2026

This study examines the shifts in dividend policy drivers for companies listed on the Dow Jones Industrial Average (DJIA) and Deutscher Aktienindex (DAX) by comparing the pre-COVID-19 (2015-2019) and post-COVID-19 (2020- 2024) periods. Employing a two-stage methodology, we first use factor...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667636

The response of equity yields to a long-run shock

Boons, Martijn; Diercks, Anthony M.; Sinagl, Petra; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668549

Impact of financial distress on the dividend policy of banks in India

Sidhu, Anureet Virk; Jain, Pooja; Singh, Satyendra Pratap; … - 2023

The present study primarily examines the impact of financial distress (FD) on the dividend policy of 33 banks working in the Indian economy from 2010 to 2019. In addition, we further explore the association between financial distress and dividend policy under the influence of shareholder...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014305865

Unique equilibria in models of rational asset price bubbles

Hirano, Tomohiro; Akira Toda, Alexis - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014338026

Shocking a CEO: Economic disintegration and executive compensation in manufacturing and services firm

Merchán, Federico; Görg, Holger - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015373503

Wealth taxation : the key to unlocking capital gains

Schjelderup, Guttorm; Zoutman, Floris T. - 2025

This paper analyzes how a wealth tax affects investor portfolio choice when a realization-based capital gains tax is present. We develop a two-period model with heterogeneous investors and show that while a capital gains tax distorts portfolio choice by encouraging investors to postpone...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548876

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Wealth taxation : the key to unlocking capital gains

Schjelderup, Guttorm; Zoutman, Floris T. - 2024

Book / Working Paper

Market reaction to dividend announcements during pandemic : an event study

Prakash, Nisha; Yogesh L - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371774

Firm-level responses to a canceled dividend tax increase

Holmberg, Johan; Selin, Håkan - 2025

An increase in the dividend tax on shares of Swedish closely-held corporations, scheduled for January 1, 2018, was canceled at short notice. In a difference-in-difference setting, we examine how firms reacted to the canceled reform. We find that dividends payments increased in 2016 and 2017 and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372671

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Firm-level responses to a canceled dividend tax increase

Holmberg, Johan; Selin, Hakan - 2025

Book / Working Paper

Complementarities between capital buffers and dividend prudential target

Di Virgilio, Domenica; Duarte, Maia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372876

The security dividend of climate policy

Beaufils, Timothé; Jakob, Michael; Kalkuhl, Matthias; … - 2025

• By reducing reliance on fossil fuels, EU climate policy substantially lowers Russia's financial strength, thereby limiting its military capabilities to sustain its aggression on Ukraine and beyond. • We provide estimates for the security dividend of EU climate policy. • A one-euro...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015373780

The behavior of stock prices around the ex-day during a dividend shortage

Ducret, Romain; Eugster, Nicolas; Isakov, Dušan; … - 2025 - This version: December 20, 2024

This paper investigates the behavior of stock prices around ex-dividend dates in Europe over the period 2018-2022. In the early months of the COVID-19 pandemic in 2020, a significant fraction of firms cut, suspended, or reduced their dividend payments, leading to a shortage. Using a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015271826

On asset pricing in a binomial model with fixed and proportional transaction costs, portfolio constraints and dividends

Babaei, Esmaeil - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331075

Dividend-based labor remuneration and tradable shares in worker cooperatives

Tortia, Ermanno - 2025

This paper analyzes the possibility of creating worker cooperatives in which members are paid not through wages but through dividends calculated on the organization's residual income, as stipulated by the economic theory of the labor-managed firm. It is shown how dividends paid to members can be...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331151

How do online media affect cash dividends? : evidence from China∗

Ma, Pengfei; Dong, Siying - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331948

A democratic dividend in trade? : evidence from a flexible empirical implementation

Desbordes, Rodolphe; Eberhardt, Markus; Larch, Mario - 2025 - This version: March 4, 2025

We study the causal effect of country-specific democratic regime change on bilateral trade flows, extending structural gravity empirics to ‘heterogeneous gravity’ estimated at the country-pair level. Our difference-in-differences implementation accounts for selection into regime change,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332073

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A democratic dividend in trade? : evidence from a flexible empirical implementation

Desbordes, Rodolphe; Eberhardt, Markus; Larch, Mario - 2025 - This version: March 21, 2025

Edition: This version: March 21, 2025

Book / Working Paper

A democratic dividend in trade? : evidence from a flexible empirical implementation

Desbordes, Rodolphe; Eberhardt, Markus; Larch, Mario - 2025

Book / Working Paper

Tailored microprudential recommendations for bank profit retention using a risk tolerance framework

Jakubik, Petr; Moinescu, Bogdan Gabriel - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333018

How the interaction between board gender diversity and ESG shapes dividend policy

Hampl, Filip; Linnertová, Dagmar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333599

Do non-profit minority institutional shareholders influence cash dividends? : empirical evidence from quasi-natural experiments in China

Ren, Xiaoyi; Yang, Zheng; Ning, Chong; Zhang, Ruiyan - 2025

Dividends allow shareholders to receive investment returns; however, Chinese listed companies are often reluctant to share profits with external minority shareholders, instead channeling funds into "tunneling" activities of major shareholders. By examining the China Securities Investor Service...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334525

The impact of cyber governance quality on dividend policy in mitigating cybersecurity breaches

Al-Mohareb, Manar - 2025

This study investigates the relationship between cyber risks and dividend policy, as well as how boards, as a governance mechanism, affect the dividend policy under cyber risk. This study collected firm-level financing, corporate governance, and control variables from the Bloomberg database...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334574

Asset pricing anomalies : the case of dividends in the US for Sharia-compliant firms

Asyraf Abdul Halim; Mohd Edil Abd Sukor - 2025

This paper investigates asset pricing anomalies in sharia-compliant (SC) stocks in the US market, focusing on whether dividend-oriented strategies can yield significant alphas. SC stocks adhere to Islamic principles, avoiding activities such as the production and sale of alcoholic beverages,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334625

Debt capital and dividend policy as complementary indicators of firm valuation

Njoku, Okechukwu Enyeribe; Lee, Young Hwan - 2025

This study investigates the interdependencies between debt capital and dividend policy as complementary factors influencing firm value among corporations listed on the Korea Composite Stock Price Index (KOSPI). Using Tobin's Q as a firm value metric and employing robust econometric techniques...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338351

Overconfidence, managerial accounting competence and dividend smoothing : evidence from emerging markets

Rashidi, Mohsen - 2025

Purpose - The purpose of this research is to review the dividend smoothing effectiveness from the perspective of managers' overconfidence and accounting competence. Accounting competence is considered as an important factor in recognizing management's ability to override internal controls as an...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339252

Firm performance and dividends in state-owned companies from CEE countries : are Polish SOEs different?

Bukalska, Elżbieta; Peša, Anita - 2025

In recent years, the focus on state-owned enterprises (SOE) has returned. SOEs are an important part of the post-socialist countries that comprise Central and Eastern Europe (CEE). However, there are still no consistent findings on SOEs’ performance and dividend payouts, although the popular...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015340182