Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries.
Financ Res Lett
; 50: 103275, 2022 Dec.
Article
in English
| MEDLINE | ID: covidwho-1996173
ABSTRACT
This paper examines the impact of the COVID-19 pandemic on the adjustments of dividends and share repurchases of publicly listed firms in the G-7 countries. Firms in the United Kingdom, Germany, France, and Italy experienced a widespread cut in dividends, while firms in the United States and Canada cut cash payout more via share repurchases, with Japanese firms in between. Corporate cash holdings helped mitigate the negative impact of COVID on payout adjustments, but the impact was less significant for European firms.
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International databases
Database:
MEDLINE
Language:
English
Journal:
Financ Res Lett
Year:
2022
Document Type:
Article
Affiliation country:
J.frl.2022.103275
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