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Keywords: Lawsuits
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2020) 46 (11): 1391–1406.
Published: 30 June 2020
... the relationship between litigation risk (contemporaneous measures, litigation dummy) and payout policy (dividend payout likelihood and dividend yield). The authors also conduct several robustness tests. Findings The authors find that firms involved in a lawsuit have a lower propensity to distribute dividends...
