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

Christos Ntantamis; Jun Zhou

doi:10.1016/j.frl.2022.103275

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

Christos Ntantamis, Jun Zhou

Rowe School of Business

Résultat de recherche: Article › examen par les pairs

18 Citations (Scopus)

Résumé

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.

Langue d'origine	English
Numéro d'article	103275
Journal	Finance Research Letters
Volume	50
DOI	https://doi.org/10.1016/j.frl.2022.103275
Statut de publication	Published - déc. 2022

Note bibliographique

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

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10.1016/j.frl.2022.103275

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

Résumé

Note bibliographique

ASJC Scopus Subject Areas

PubMed: MeSH publication types

Accès au document

Autres fichiers et liens

Empreinte numérique

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