Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries

Christos Ntantamis, Jun Zhou

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

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.

Original languageEnglish
Article number103275
JournalFinance Research Letters
Volume50
DOIs
Publication statusPublished - Dec 2022

Bibliographical note

Funding Information:
The authors are grateful for comments received from three reviewers. Jun Zhou gratefully recognizes the financial support of the Rowe Research Grant provided by Dalhousie University.

Publisher Copyright:
© 2022

ASJC Scopus Subject Areas

  • Finance

PubMed: MeSH publication types

  • Journal Article

Fingerprint

Dive into the research topics of 'Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries'. Together they form a unique fingerprint.

Cite this