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

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...

Descripción completa

Detalles Bibliográficos
Autores principales: Ntantamis, Christos, Zhou, Jun
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9398785/
https://www.ncbi.nlm.nih.gov/pubmed/36034341
http://dx.doi.org/10.1016/j.frl.2022.103275
_version_ 1784772391118831616
author Ntantamis, Christos
Zhou, Jun
author_facet Ntantamis, Christos
Zhou, Jun
author_sort Ntantamis, Christos
collection PubMed
description 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.
format Online
Article
Text
id pubmed-9398785
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-93987852022-08-24 Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries Ntantamis, Christos Zhou, Jun Financ Res Lett Article 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. Elsevier Inc. 2022-12 2022-08-24 /pmc/articles/PMC9398785/ /pubmed/36034341 http://dx.doi.org/10.1016/j.frl.2022.103275 Text en © 2022 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Ntantamis, Christos
Zhou, Jun
Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries
title Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries
title_full Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries
title_fullStr Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries
title_full_unstemmed Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries
title_short Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries
title_sort corporate payout, cash holdings, and the covid-19 crisis: evidence from the g-7 countries
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9398785/
https://www.ncbi.nlm.nih.gov/pubmed/36034341
http://dx.doi.org/10.1016/j.frl.2022.103275
work_keys_str_mv AT ntantamischristos corporatepayoutcashholdingsandthecovid19crisisevidencefromtheg7countries
AT zhoujun corporatepayoutcashholdingsandthecovid19crisisevidencefromtheg7countries

Ejemplares similares