Institutional Holdings and Payout Policy
Article Abstract:
Research on US public firms and institutional holdings shows that institutions prefer companies that repurchase shares, and also favor regular repurchasers rather than nonregular repurchasers. Findings do not support models predicting a link between high dividends and attraction of institutional clientele, or models predicting that institutions influence companies to increase payout.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2005
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Do firms rebalance their capital structures?
Article Abstract:
The involvement of firms in capital structure rebalancing by providing room for high adjustments is examined, by focusing on corporate financial policy and adjustment costs.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2005
User Contributions:
Comment about this article or add new information about this topic: