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Payout policy in the 21st century
Journal of Financial Economics · 2005 · Vol. 77(3) · pp. 483–527
Alon Brav(Duke University)John R. Graham✉(Duke University)Campbell R. Harvey(National Bureau of Economic Research)Roni Michaely(Cornell University)
Corporate Finance and GovernanceFinancial Reporting and Valuation ResearchFinancial Markets and Investment StrategiesDividendRetained earningsDividend policyEarningsShare repurchaseDividend payout ratioEquity (law)BusinessFree cash flowCash flow
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References
Disappearing dividends: changing firm characteristics or lower propensity to pay?
Journal of Financial Economics · 2001 · 3,071 citations
The Cost of Capital, Corporation Finance and the Theory of Investment
American Economic Review · 1958 · 15,017 citations
Dividend Policy under Asymmetric Information
The Journal of Finance · 1985 · 3,157 citations
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
American Economic Review · 1986 · 17,570 citations
The theory and practice of corporate finance: evidence from the field
Journal of Financial Economics · 2001 · 5,655 citations
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