Corporate Payouts, Macroeconomic Influences and Industry Effects

Lauren LoRe and Mahfuz Raihan

Applied Finance and Accounting, 2016, vol. 2, issue 2, 100-112

Abstract: The objective of this study is to examine the dynamic nature of dividends and repurchases by examining the effect of industry group and macroeconomic factors on aggregate payout activity between 1985 and 2011. The article applies new tools that include a random-effect, a fixed-effect, and a Generalized Method of Moments (GMM) model. The results highlight new perspectives and support the need to interpret corporate payout determinants within the context of macroeconomic factors and industry group effects.

Keywords: corporate payouts; dividends; stock repurchases; industry effects; macroeconomic influences (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://redfame.com/journal/index.php/afa/article/view/1653/1788 (application/pdf)
http://redfame.com/journal/index.php/afa/article/view/1653 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfa:afajnl:v:2:y:2016:i:2:p:100-112

Access Statistics for this article

More articles in Applied Finance and Accounting from Redfame publishing Contact information at EDIRC.
Bibliographic data for series maintained by Redfame publishing ().