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Why are corporate payouts so high in the 2000s?
16 references·8 citing·38 second hop
Why are corporate payouts so high in the 2000s? (2021)Why are corporate payouts so high in the …Intangible capital and the investment-q relation (2016)Intangible capital and the in…Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…The evolving relation between earnings, dividends, and stock repurchases (2007)The evolving relation between…Growth Opportunities and the Choice of Leverage, Debt Maturity, and Covenants (2007)Growth Opportunities and the …Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory☆ (2006)Dividend policy and the earne…The irrelevance of the MM dividend irrelevance theorem☆ (2005)The irrelevance of the MM div…Are dividends disappearing? Dividend concentration and the consolidation of earnings (2003)Are dividends disappearing? D…When a buyback isn’t a buyback: open market repurchases and employee options (2002)When a buyback isn’t a buybac…Market Timing and Capital Structure (2002)Market Timing and Capital Str…Dividends, Share Repurchases, and the Substitution Hypothesis (2002)Dividends, Share Repurchases,…Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)Disappearing dividends: chang…Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s (2001)Corporate Governance and Merg…Financial flexibility and the choice between dividends and stock repurchases (2000)Financial flexibility and the…The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…A Theory of Oligopoly (1964)A Theory of OligopolyAgency cost of free cash flow, capital allocation, and payouts (2025)Agency cost of free cash flow…Share repurchases (2024)Share repurchasesClimate risk and payout flexibility around the world (2024)Climate risk and payout flexi…Climate change exposure and dividend policy: evidence from textual analysis (2024)Climate change exposure and d…Share repurchases on trial: Large‐sample evidence on share price performance, executive compensation, and corporate investment (2023)Share repurchases on trial: L…Biodiversity Risk and Corporate Investment (2023)Biodiversity Risk and Corpora…Analyst Dividend Forecasts and Their Usefulness to Investors (2021)Analyst Dividend Forecasts an…Stock Repurchases and the 2017 Tax Cuts and Jobs Act (2019)Stock Repurchases and the 201…Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Risk, Return, and Equilibrium: Empirical Tests (1973)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)Agency costs of free cash flow, corporate finance, and takeovers (1996)Stock Valuation and Learning about Profitability (2003)A Catering Theory of Dividends (2004)Product Market Threats, Payouts, and Financial Flexibility (2012)Corporate Governance and Equity Prices (2003)Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Feverish Stock Price Reactions to COVID-19* (2020)Financing Constraints and Corporate Investment (1987)Financing Constraints and Corporate Investment (1988)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review (2019)The Productivity J-Curve: How Intangibles Complement General Purpose Technologies (2020)Artificial intelligence, firm growth, and product innovation (2023)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Dividend Puzzle (1976)Common stock repurchases and market signalling (1981)Corporate payout policy and managerial stock incentives (2001)Earnings Momentum and Earnings Management (2007)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Why do firms pay dividends? International evidence on the determinants of dividend policy☆ (2008)Corporate Investment and Stock Market Listing: A Puzzle? (2014)Markets with Consumer Switching Costs (1987)Deposit Insurance, Risk, and Market Power in Banking (1988)Chapter 17 Empirical studies of industries with market power (1989)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)
this work references cited by second hop

References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 2001Disappearing dividends: changing firm characteristics or lower propensity to pay?3,039 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2,896 cited
  • 1964A Theory of Oligopoly1,817 cited
  • 2006Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory☆1,805 cited
  • 2002Dividends, Share Repurchases, and the Substitution Hypothesis1,467 cited
  • 2016Intangible capital and the investment-q relation1,203 cited
  • 2000Financial flexibility and the choice between dividends and stock repurchases1,043 cited
  • 2007Growth Opportunities and the Choice of Leverage, Debt Maturity, and Covenants762 cited
  • 2003Are dividends disappearing? Dividend concentration and the consolidation of earnings747 cited
  • 2001Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s695 cited
  • 2007The evolving relation between earnings, dividends, and stock repurchases694 cited
  • 2002

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When a buyback isn’t a buyback: open market repurchases and employee options
569 cited
  • 2005The irrelevance of the MM dividend irrelevance theorem☆465 cited
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    • 2021Analyst Dividend Forecasts and Their Usefulness to Investors20 cited
    • 2024Share repurchases20 cited
    • 2023Share repurchases on trial: Large‐sample evidence on share price performance, executive compensation, and corporate investment18 cited
    • 2024Climate change exposure and dividend policy: evidence from textual analysis17 cited
    • 2025Agency cost of free cash flow, capital allocation, and payouts14 cited