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Keywords: Share repurchases
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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
...Alice Bonaimé; Kathleen Kahle; David Moore; Alok Nemani Employee compensation may impact payout policy by (i) incentivizing managers with non-dividend-protected options to favor repurchases over dividends and (ii) diluting earnings, which firms can neutralize through share repurchases. Both...
Includes: Supplementary data
