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Keywords: Restricted stock
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Journal Articles
Employee Compensation Still Impacts Payout Policy
Available to Purchase
Journal:
Critical Finance Review
Critical Finance Review (2024) 13 (3-4): 419–463.
Published: 12 August 2024
.... We examine this relation in light ofthe shift from options to restricted stock. Our results strongly support a positive relation between compensation and share repurchases via the dilution channel; dividend protection has no first-order effect on payout. Difference-in-differences analyses...
Includes: Supplementary data
