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Corporate Payouts, Macroeconomic Influences and Industry Effects

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  • Lauren LoRe
  • Mahfuz Raihan

Abstract

The objective of this study is to examine the dynamic nature of dividends and repurchases by examining the effect of industry group and macroeconomic factors on aggregate payout activity between 1985 and 2011. The article applies new tools that include a random-effect, a fixed-effect, and a Generalized Method of Moments (GMM) model. The results highlight new perspectives and support the need to interpret corporate payout determinants within the context of macroeconomic factors and industry group effects.

Suggested Citation

  • Lauren LoRe & Mahfuz Raihan, 2016. "Corporate Payouts, Macroeconomic Influences and Industry Effects," Applied Finance and Accounting, Redfame publishing, vol. 2(2), pages 100-112, August.
    • Handle: RePEc:rfa:afajnl:v:2:y:2016:i:2:p:100-112
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    References listed on IDEAS

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    More about this item

    Keywords

    corporate payouts; dividends; stock repurchases; industry effects; macroeconomic influences;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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