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SSRN-Payout Policy in the 21th Century: The Data by Alon Brav, John Graham, Campbell Harvey, Roni Michaely
Posted on 11/22/2006 01:48 AM | Link | Post Comment
What a cool paper!! By Brav, Graham, Harvey, and Michaely on Dividend payout rations. They essentially redo Lintners' clasic 1956 paper but also provide the data!
SSRN-Payout Policy in the 21th Century: The Data by Alon Brav, John Graham, Campbell Harvey, Roni Michaely: "Our findings indicate that maintaining the dividend level is on par with investment decisions, while repurchases are made out
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