SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Managerial Entrenchment and the Value of Dividends
16 references·7 citing·37 second hop
Managerial Entrenchment and the Value of Dividends (2009)Managerial Entrenchment and the Value of …What Matters in Corporate Governance? (2008)What Matters in Corporate Gov…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Accounting Information, Disclosure, and the Cost of Capital (2007)Accounting Information, Discl…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…The ultimate ownership of Western European corporations (2002)The ultimate ownership of Wes…Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)Disappearing dividends: chang…The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)The information content of st…Investor protection and corporate governance (2000)Investor protection and corpo…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…Two Agency-Cost Explanations of Dividends (1984)Two Agency-Cost Explanations …Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Job Market Signaling (1973)Job Market SignalingThe Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)DISTRIBUTION OF INCOMES OF CO…Dividend and investment decisions in asymmetric information environments: evidence from the restaurant industry (2022)Dividend and investment decis…Managerial entrenchment and payout policy: A catering effect (2020)Managerial entrenchment and p…Does managerial reluctance of dividend cuts signal future earnings? (2020)Does managerial reluctance of…The US financial crisis and corporate dividend reactions: for better or for worse? (2018)The US financial crisis and c…Governance provisions and managerial entrenchment: evidence from CEO turnover of acquiring firms (2014)Governance provisions and man…The effects of anti-takeover measures on Japanese corporations (2013)The effects of anti-takeover …Dividend clienteles: a global investigation (2013)Dividend clienteles: a global…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Higher education as a filter (1973)Competitive and optimal responses to signals: An analysis of efficiency and distribution (1974)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Varieties of Capitalism (2001)Signaling Theory: A Review and Assessment (2010)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The Theory of Investment Value, by John Burr Williams (1939)The Pricing of Options and Corporate Liabilities (1973)Dividend Policy, Growth, and the Valuation of Shares (1961)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Efficient Capital Markets: II (1991)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The Problem of Social Cost (1960)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Law and Finance (1998)Earnings management and investor protection: an international comparison (2003)Law, Finance, and Economic Growth in China (2003)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)How do family ownership, control and management affect firm value? (2005)Politically Connected Firms (2006)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
this work references cited by second hop

References

  • 1973Job Market Signaling19,221 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,575 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 2000Investor protection and corporate governance6,847 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 2002The ultimate ownership of Western European corporations3,798 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1956DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES3,426 cited
  • 2000The information content of stock markets: why do emerging markets have synchronous stock price movements?3,332 cited
  • 1984Two Agency-Cost Explanations of Dividends3,109 cited
  • 2001Disappearing dividends: changing firm characteristics or lower propensity to pay?3,039 cited
  • 2008What Matters in Corporate Governance?2,903 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 2007Accounting Information, Disclosure, and the Cost of Capital2,582 cited
  • Cited by

    • 2020Does managerial reluctance of dividend cuts signal future earnings?19 cited
    • 2013Dividend clienteles: a global investigation17 cited
    • 2020Managerial entrenchment and payout policy: A catering effect17 cited
    • 2022Dividend and investment decisions in asymmetric information environments: evidence from the restaurant industry13 cited
    • 2014Governance provisions and managerial entrenchment: evidence from CEO turnover of acquiring firms11 cited
    • 2018The US financial crisis and corporate dividend reactions: for better or for worse?10 cited
    • 2013The effects of anti-takeover measures on Japanese corporations10 cited