Payout suspensions during the Covid-19 pandemic

We provide evidence on the unprecedented rate at which firms suspended dividend payments and share repurchases following the outbreak of the Covid-19 pandemic, compare it to the Global Financial Crisis, and estimate the amount of cash firms saved through payout suspensions.

Detalles Bibliográficos
Autores principales: Pettenuzzo, Davide, Sabbatucci, Riccardo, Timmermann, Allan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author(s). Published by Elsevier B.V. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9904859/
https://www.ncbi.nlm.nih.gov/pubmed/36778079
http://dx.doi.org/10.1016/j.econlet.2023.111024
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author Pettenuzzo, Davide
Sabbatucci, Riccardo
Timmermann, Allan
author_facet Pettenuzzo, Davide
Sabbatucci, Riccardo
Timmermann, Allan
author_sort Pettenuzzo, Davide
collection PubMed
description We provide evidence on the unprecedented rate at which firms suspended dividend payments and share repurchases following the outbreak of the Covid-19 pandemic, compare it to the Global Financial Crisis, and estimate the amount of cash firms saved through payout suspensions.
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spelling pubmed-99048592023-02-08 Payout suspensions during the Covid-19 pandemic Pettenuzzo, Davide Sabbatucci, Riccardo Timmermann, Allan Econ Lett Article We provide evidence on the unprecedented rate at which firms suspended dividend payments and share repurchases following the outbreak of the Covid-19 pandemic, compare it to the Global Financial Crisis, and estimate the amount of cash firms saved through payout suspensions. The Author(s). Published by Elsevier B.V. 2023-03 2023-02-08 /pmc/articles/PMC9904859/ /pubmed/36778079 http://dx.doi.org/10.1016/j.econlet.2023.111024 Text en © 2023 The Author(s) 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
Pettenuzzo, Davide
Sabbatucci, Riccardo
Timmermann, Allan
Payout suspensions during the Covid-19 pandemic
title Payout suspensions during the Covid-19 pandemic
title_full Payout suspensions during the Covid-19 pandemic
title_fullStr Payout suspensions during the Covid-19 pandemic
title_full_unstemmed Payout suspensions during the Covid-19 pandemic
title_short Payout suspensions during the Covid-19 pandemic
title_sort payout suspensions during the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9904859/
https://www.ncbi.nlm.nih.gov/pubmed/36778079
http://dx.doi.org/10.1016/j.econlet.2023.111024
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