Nothing Special   »   [go: up one dir, main page]
create a website
Do Investors Value Dividend-Smoothing Stocks Differently?. (2017). Michaely, Roni ; Leary, Mark T ; Larkin, Yelena.
In: Management Science.
RePEc:inm:ormnsc:v:63:y:2017:i:12:p:4114-4136.

Full description at Econpapers || Download paper

Cited: 12

Citations received by this document

Cites: 50

References cited by this document

Cocites: 32

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Discount rates and cash flows: A local projection approach. (2024). Lof, Matthijs ; Nyberg, Henri.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:162:y:2024:i:c:s0378426624000475.

    Full description at Econpapers || Download paper

  2. Does parenting daughters increase corporate cash dividends? Evidence from Chinese family firms. (2024). Wang, Maochuan ; Lin, Cuiliang ; Xu, Xixiong.
    In: Journal of Behavioral and Experimental Finance.
    RePEc:eee:beexfi:v:41:y:2024:i:c:s2214635024000078.

    Full description at Econpapers || Download paper

  3. Dividend policy issues in the European pharmaceutical industry: new empirical evidence. (2023). Schulenburg, J-Matthias ; Schwarzbach, Christoph ; Basse, Tobias.
    In: The European Journal of Health Economics.
    RePEc:spr:eujhec:v:24:y:2023:i:5:d:10.1007_s10198-022-01510-5.

    Full description at Econpapers || Download paper

  4. The effect of dividend smoothing on bond spreads: Evidence from Japan. (2023). Aoki, Yasuharu.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:85:y:2023:i:c:p:621-637.

    Full description at Econpapers || Download paper

  5. Supervisory policy stimulus: evidence from the euro area dividend recommendation. (2023). Reghezza, Alessio ; Gambacorta, Leonardo ; Dautovi, Ernest.
    In: BIS Working Papers.
    RePEc:bis:biswps:1085.

    Full description at Econpapers || Download paper

  6. Have European banks maintained their payout policy during the crisis? The role of scrip dividends. (2022). Cano, Jorge Gallud ; Blancoalcantara, David ; Lopezdeforonda, Oscar ; Lopeziturriaga, Felix J ; Galludcano, Jorge.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:27:y:2022:i:4:p:4619-4632.

    Full description at Econpapers || Download paper

  7. Dividend policy and stock liquidity: Lessons from Central and Eastern Europe. (2022). Kubiak, Jarosaw ; Stereczak, Szymon.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:62:y:2022:i:c:s0275531922001155.

    Full description at Econpapers || Download paper

  8. Heterogeneity of dividend smoothing: A strategic response to peer competition in China. (2022). Li, Yue ; Xie, Jing ; Chen, Mingqin.
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:76:y:2022:i:c:s0927538x2200169x.

    Full description at Econpapers || Download paper

  9. Impact of dividend payouts and corporate social responsibility on firm value – Evidence from India. (2022). Mahenthiran, Sakthi ; Seth, Rama.
    In: Journal of Business Research.
    RePEc:eee:jbrese:v:146:y:2022:i:c:p:571-581.

    Full description at Econpapers || Download paper

  10. Do dividends signal safety? Evidence from China. (2022). Nie, Jing ; Yin, Libo.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:82:y:2022:i:c:s1057521922000916.

    Full description at Econpapers || Download paper

  11. Fictitious dividend cuts in the CRSP data. (2021). Halford, Joseph T ; Betker, Brian L ; Alderson, Michael J.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:71:y:2021:i:c:s092911992100225x.

    Full description at Econpapers || Download paper

  12. Does tax really matter for corporate payout policy: Evidence from a policy experiment in South Korea. (2020). Lee, Sang-Yeob ; Hong, Woo-Hyung.
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:62:y:2020:i:c:s0927538x19302094.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Abarbanell JS, Bushee BJ, Raedy JS (2003) Institutional investor preferences and price pressure: The case of corporate spin-offs. J. Bus. 76(2):233-261.

  2. Allen F, Bernardo AE, Welch I (2000) A theory of dividends based on tax clienteles. J. Finance 55(6):2499-2536.

  3. Almazan A, Hartzell JC, Starks LT (2005) Active institutional shareholders and costs of monitoring: Evidence from executive compensation. Financial Management 34(4):5-34.
    Paper not yet in RePEc: Add citation now

  4. Appel I, Gormley TA, Keim DB (2016) Passive investors, not passive owners. J. Financial Econom. 121(1):111-141.

  5. Baker HK, Farrelly GE, Edelman RB (1985) A survey of management views on dividend policy. Financial Management 14(3):78-84.
    Paper not yet in RePEc: Add citation now

  6. Baker M, Nagel S, Wurgler J (2007) The effect of dividends on consumption. Brookings Papers Econom. Activity 1:231-291.

  7. Baker M, Wurgler J (2004) A catering theory of dividends. J. Finance 59(3):1125-1165.

  8. Baker M, Wurgler J (2016) Dividends as reference points: A behavioral signaling approach. Rev. Financial Stud. 29(3):697-738.

  9. Berk J, DeMarzo P (2013) Corporate Finance (Prentice Hall, Boston).
    Paper not yet in RePEc: Add citation now

  10. Black F, Scholes M (1974) The effect of dividend yield and dividend policy on common stock prices and returns. J. Financial Econom. 1(1):1-22.

  11. Brav A, Graham J, Harvey C, Michaely R (2005) Payout policy in the 21st century. J. Financial Econom. 77(3):483-527.

  12. Brickley JA, Lease RC, Smith CW Jr (1988) Ownership structure and voting on antitakeover amendments. J. Financial Econom. 20:267-291.

  13. Bushee BJ (1998) The influence of institutional investors on myopic R&D investment behavior. Accounting Rev. 73(3):305-333.
    Paper not yet in RePEc: Add citation now
  14. Bushee BJ (2001) Do institutional investors prefer near-term earnings over long-run value? Contemporary Accounting Res. 18(2):207-246.
    Paper not yet in RePEc: Add citation now

  15. Bushee BJ, Noe CF (2000) Corporate disclosure practices, institutional investors, and stock return volatility. J. Accounting Res. 38(Supplement):171-202.

  16. Carhart MM (1997) On persistence of mutual fund performance. J. Finance 52(1):57-82.

  17. Chang Y-C, Hong H, Liskovich I (2015) Regression discontinuity and the price effects of stock market indexing. Rev. Financial Stud. 28(1):212-246.

  18. Chen X, Harford J, Li K (2007) Monitoring: Which institutions matter? J. Financial Econom. 86(2):279-305.

  19. Choe H (1990) Intertemporal and cross-sectional variation of corporate dividend policy. Unpublished Ph.D. dissertation, University of Chicago, Chicago.
    Paper not yet in RePEc: Add citation now

  20. Crane A, Michenaud S, Weston JP (2016) The effect of institutional ownership on payout policy: A regression discontinuity design approach. Rev. Financial Stud. Forthcoming.

  21. Daniel K, Titman S (1997) Evidence on the characteristics of cross sectional variation in stock returns. J. Finance 52(1):1-33.

  22. DeAngelo H, DeAngelo L (2007) Capital structure, payout policy, and financial flexibility. Working paper, University of Southern California, Los Angeles.
    Paper not yet in RePEc: Add citation now

  23. DeAngelo H, DeAngelo L, Stulz RM (2006) Dividend policy and the earned/contributed capital mix: A test of the life-cycle theory. J. Financial Econom. 81(2):227-254.

  24. Easterbrook FH (1984) Two agency-cost explanations of dividends. Amer. Econom. Rev. 74(4):650-659.

  25. Fama EF, Babiak H (1968) Dividend policy: An empirical analysis. J. Amer. Statist. Assoc. 63(324):1132-1161.
    Paper not yet in RePEc: Add citation now

  26. Fama EF, French KR (1993) Common risk factors in the returns of stocks and bonds. J. Financial Econom. 33(1):3-56.

  27. Fama EF, MacBeth JD (1973) Risk, return, and equilibrium: Empirical tests. J. Political Econom. 81(3):607-636.

  28. Gomes A (2000) Going public without governance: Managerial reputation effects. J. Finance 55(2):615-646.

  29. Gompers PA, Ishii J, Metrick A (2003) Corporate governance and equity prices. Quart. J. Econom. 118(1):107-155.

  30. Gompers PA, Metrick A (2001) Institutional investors and equity prices. Quart. J. Econom. 116(1):229-259.

  31. Graham JR, Leary MT, Roberts MR (2015) A century of capital structure: The leveraging of corporate America. J. Financial Econom. 118(3):658-683.

  32. Grind K, Lublin JS (2015) Vanguard and BlackRock plan to get more assertive with their investments. Wall Street Journal (March 4), http://www.wsj.com/articles/vanguard-and-blackrock-plan-to-get-more-assertive-with-their-investments-1425445200.
    Paper not yet in RePEc: Add citation now

  33. Grinstein Y, Michaely R (2005) Institutional holdings and payout policy. J. Finance 60(3):1389-1426.

  34. Grullon G, Kanatas G, Weston JP (2004) Advertising, breadth of ownership and liquidity. Rev. Financial Stud. 17(2):439-461.

  35. Grullon G, Michaely R (2002) Dividends, share repurchases, and the substitution hypothesis. J. Finance 57(4):1649-1684.

  36. Grullon G, Michaely R, Swaminathan B (2002) Are dividend changes a sign of firm maturity? J. Bus. 75(3):387-424.

  37. Lambrecht B, Myers S (2012) A Lintner model of payout and managerial rents. J. Finance 67(5):1761-1810.

  38. Leary MT, Michaely R (2011) Determinants of dividend smoothing: Empirical evidence. Rev. Financial Stud. 24(10):3197-3249.

  39. Lintner J (1956) Distribution of incomes of corporations among dividends, retained earnings, and taxes. Amer. Econom. Rev. 46(2):97-113.
    Paper not yet in RePEc: Add citation now

  40. Miller MH (1977) Debt and taxes. J. Finance 32(2):261-275.

  41. Miller MH, Modigliani F (1961) Dividend policy, growth, and the valuation of shares. J. Bus. 34(4):411-433.

  42. Morgan A, Poulsen A, Wolf J, Yang T (2011) Mutual funds as monitors: Evidence from mutual fund voting. J. Corporate Finance 17(4):914-928.

  43. Mullins W (2014) The governance impact of index funds: Evidence from regression discontinuity. Working paper, University of Maryland, College Park.
    Paper not yet in RePEc: Add citation now

  44. Novy-Marx R (2013) The other side of value: The gross profitability premium. J. Financial Econom. 108(1):1-28.

  45. Porter ME (1992) Capital choices: Changing the way America invests in industry. J. Appl. Corporate Finance 5(2):4-16.

  46. Rogers WL (1993) Regression standard errors in clustered samples. Stata Tech. Bull. 13:19-23.
    Paper not yet in RePEc: Add citation now

  47. Rountree B, Weston JP, Allayannis G (2008) Do investors value smooth performance? J. Financial Econom. 90(3):237-251.

  48. Shefrin HM, Statman M (1984) Explaining investor preference for cash dividends. J. Financial Econom. 13(2):253-282.

  49. Shleifer A, Vishny R (1997) A survey of corporate governance. J. Finance 52(2):737-783.

  50. Skinner DJ (2008) The evolving relation between earnings, dividends, and stock repurchases. J. Financial Econom. 87(3):582-609.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Corporate communication and shareholder base retention: evidence from spin-offs. (2023). McDonough, Ryan P.
    In: Review of Quantitative Finance and Accounting.
    RePEc:kap:rqfnac:v:60:y:2023:i:4:d:10.1007_s11156-023-01129-4.

    Full description at Econpapers || Download paper

  2. The Impact of Institutional Cross?ownership on Corporate Tax Avoidance: Evidence from Chinese Listed Firms. (2023). , Jianqun ; Xiao, HE.
    In: Australian Accounting Review.
    RePEc:bla:ausact:v:33:y:2023:i:1:p:86-105.

    Full description at Econpapers || Download paper

  3. The reference dependency of short-term reversal. (2022). Kang, Jangkoo ; Jeong, Giho ; Goh, Jihoon.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:78:y:2022:i:c:p:195-211.

    Full description at Econpapers || Download paper

  4. Sustainable investing with ESG rating uncertainty. (2022). Tarelli, Andrea ; Lioui, Abraham ; Cheng, SI ; Avramov, Doron.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:145:y:2022:i:2:p:642-664.

    Full description at Econpapers || Download paper

  5. Influencing Factors of Institutional Investors Shareholding Stability. (2021). Su, Wun Hong ; Niu, Feng ; Han, Peng.
    In: SAGE Open.
    RePEc:sae:sagope:v:11:y:2021:i:4:p:21582440211050400.

    Full description at Econpapers || Download paper

  6. Order Flow Volatility and Equity Costs of Capital. (2019). Tong, Qing ; Subrahmanyam, Avanidhar ; Hu, Jianfeng ; Chordia, Tarun.
    In: Management Science.
    RePEc:inm:ormnsc:v:65:y:2019:i:4:p:1520-1551.

    Full description at Econpapers || Download paper

  7. Does university prestige foster the initial growth of academic spin-offs?. (2018). Meoli, Michele ; Civera, Alice.
    In: Economia e Politica Industriale: Journal of Industrial and Business Economics.
    RePEc:spr:epolin:v:45:y:2018:i:2:d:10.1007_s40812-017-0072-y.

    Full description at Econpapers || Download paper

  8. Setting the Bar: The Evaluative and Allocative Roles of Organizational Aspirations. (2018). Eggers, J P ; Keum, Dongil D.
    In: Organization Science.
    RePEc:inm:ororsc:v:29:y:2018:i:6:p:1170-1186.

    Full description at Econpapers || Download paper

  9. Institutional cross-ownership and corporate strategy: The case of mergers and acquisitions. (2018). Brooks, Chris ; Zeng, Yeqin ; Chen, Zhong.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:48:y:2018:i:c:p:187-216.

    Full description at Econpapers || Download paper

  10. Do Investors Value Dividend-Smoothing Stocks Differently?. (2017). Michaely, Roni ; Leary, Mark T ; Larkin, Yelena.
    In: Management Science.
    RePEc:inm:ormnsc:v:63:y:2017:i:12:p:4114-4136.

    Full description at Econpapers || Download paper

  11. Institutional holdings, investment opportunities and dividend policy. (2017). Huang, Wei ; Paul, Donna L.
    In: The Quarterly Review of Economics and Finance.
    RePEc:eee:quaeco:v:64:y:2017:i:c:p:152-161.

    Full description at Econpapers || Download paper

  12. Competitive repertoire complexity: Governance antecedents and performance outcomes. (2017). Connelly, Brian L ; Ferrier, Walter J ; Carnes, Christina Matz ; Ketchen, David J ; Tihanyi, Laszlo.
    In: Strategic Management Journal.
    RePEc:bla:stratm:v:38:y:2017:i:5:p:1151-1173.

    Full description at Econpapers || Download paper

  13. Institutional trading, information production, and corporate spin-offs. (2016). Chemmanur, Thomas.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:38:y:2016:i:c:p:54-76.

    Full description at Econpapers || Download paper

  14. Corporate spinoffs and analysts coverage decisions: The implications for diversified firms. (2016). Feldman, Emilie R.
    In: Strategic Management Journal.
    RePEc:bla:stratm:v:37:y:2016:i:7:p:1196-1219.

    Full description at Econpapers || Download paper

  15. Investor Attention and Stock Mispricing. (2014). Jin, Justin Y.
    In: Accounting Perspectives.
    RePEc:wly:accper:v:13:y:2014:i:2:p:123-147.

    Full description at Econpapers || Download paper

  16. The turn-of-the-year effect and tax-loss-selling by institutional investors. (2014). Sikes, Stephanie A..
    In: Journal of Accounting and Economics.
    RePEc:eee:jaecon:v:57:y:2014:i:1:p:22-42.

    Full description at Econpapers || Download paper

  17. Local institutional shareholders and corporate hedging policies. (2014). Lin, Lin ; Lai, Yi-Hsun ; Tai, Vivian W..
    In: The North American Journal of Economics and Finance.
    RePEc:eee:ecofin:v:28:y:2014:i:c:p:287-312.

    Full description at Econpapers || Download paper

  18. Share repurchases and institutional supply. (2014). DeLisle, Jared ; Nofsinger, John R. ; Morscheck, J. D..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:27:y:2014:i:c:p:216-230.

    Full description at Econpapers || Download paper

  19. Complementary or contradictory? Combining returns-based and characteristics-based investment style analysis. (2013). Thomas, Steve ; McGroarty, Frank ; Mason, Andrew.
    In: Journal of Asset Management.
    RePEc:pal:assmgt:v:14:y:2013:i:6:d:10.1057_jam.2014.4.

    Full description at Econpapers || Download paper

  20. Investors horizons and the amplification of market shocks. (2013). Giannetti, Mariassunta ; Ellul, Andrew ; Cella, Cristina.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:119037.

    Full description at Econpapers || Download paper

  21. Taking stock or cashing in? Shareholder style preferences, premiums and the method of payment. (2012). nanda, vikram ; Silveri, Sabatino ; Burch, Timothy R..
    In: Journal of Empirical Finance.
    RePEc:eee:empfin:v:19:y:2012:i:4:p:558-582.

    Full description at Econpapers || Download paper

  22. Institutional Ownership Stability and Risk Taking: Evidence from the Life-Health Insurance Industry. (2011). Elyasiani, Elyas ; Jia, Jingyi ; Cheng, Jiang.
    In: NFI Working Papers.
    RePEc:nfi:nfiwps:2011-wp-14.

    Full description at Econpapers || Download paper

  23. Payout policies and closed-end fund discounts: Signaling, agency costs, and the role of institutional investors. (2011). nanda, vikram ; Wang, Jay Z..
    In: Journal of Financial Intermediation.
    RePEc:eee:jfinin:v:20:y:2011:i:4:p:589-619.

    Full description at Econpapers || Download paper

  24. Cause and effects of poison pill adoptions by spinoff units. (2010). Madura, Jeff ; Harris, Oneil .
    In: Journal of Economics and Business.
    RePEc:eee:jebusi:v:62:y::i:4:p:307-330.

    Full description at Econpapers || Download paper

  25. The Effect of Corporate Break-ups on Information Asymmetry: A Market Microstructure Analysis. (2008). Bartram, Söhnke ; Bardong, Florian ; Yadav, Pradeep K..
    In: MPRA Paper.
    RePEc:pra:mprapa:13155.

    Full description at Econpapers || Download paper

  26. The wealth effects of cross-border spinoffs. (2008). Glegg, Charmaine ; Harris, Oneil .
    In: Journal of Multinational Financial Management.
    RePEc:eee:mulfin:v:18:y:2008:i:5:p:461-476.

    Full description at Econpapers || Download paper

  27. The evolution of ownership structure of corporate spin-offs. (2008). Patro, Sukesh.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:14:y:2008:i:5:p:596-613.

    Full description at Econpapers || Download paper

  28. Which Institutional Investors Trade Based on Private Information About Earnings and Returns?. (2007). GOODMAN, THEODORE H. ; BUSHEE, BRIAN J..
    In: Journal of Accounting Research.
    RePEc:bla:joares:v:45:y:2007:i:2:p:289-321.

    Full description at Econpapers || Download paper

  29. The Role of Institutional Investors in Corporate Finance. (2004). van Hulle, C ; Huyghebaert, N.
    In: Review of Business and Economic Literature.
    RePEc:ete:revbec:20040406.

    Full description at Econpapers || Download paper

  30. Spin-Offs. Implications for Corporate Policies. (2004). Jongbloed, A.
    In: Review of Business and Economic Literature.
    RePEc:ete:revbec:20040402.

    Full description at Econpapers || Download paper

  31. Investors’ Horizons and the Amplification of Market Shocks. (). Giannetti, Mariassunta ; Ellul, Andrew ; Cella, Cristina .
    In: FMG Discussion Papers.
    RePEc:fmg:fmgdps:dp717.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-20 11:51:26 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.