Filter Results
:
(110)
Show Results For
- All HBS Web (156)
- Faculty Publications (56)
Show Results For
- All HBS Web (156)
- Faculty Publications (56)
Sort by
- 12 Jun 2018
- First Look
New Research and Ideas, June 12, 2018
$2.8 trillion via dividends—$7 trillion in total. These shareholder payouts amounted to over 96% of the firms' net income. Academics, corporate lawyers, asset managers, and politicians point to such shareholder-payout figures as...
View Details
Keywords:
Dina Gerdeman
- 04 Oct 2007
- What Do You Think?
Has Managerial Capitalism Peaked?
transfer of wealth from public investors to the hands of business leaders, corporate insiders, and financial intermediaries." Headlines remind us of very large payouts to CEOs, regardless of their performance. (In fact, it could be...
View Details
Keywords:
by Jim Heskett
- 03 Jan 2017
- First Look
January 3, 2017
and suburban areas. Download working paper: https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=52059 Financing Payouts By: Farre-Mensa, Joan, Roni Michaely, and Martin Schmalz Abstract—We study the extent to which firms rely on the capital...
View Details
Keywords:
Carmen Nobel
- 21 Feb 2017
- First Look
First Look at New Research: February 21
shareholders more than $3.95 trillion via stock buybacks and $2.45 trillion via dividends—$6.4 trillion in total. These shareholder payouts amounted to over 93% of the firms' net income. Academics, corporate lawyers, asset managers, and...
View Details
Keywords:
Carmen Nobel
- 02 Dec 2002
- What Do You Think?
How Will We Respond to the “Moment of Truth” in Option Plans?
largest organizations an average of 30 percent of all options granted. This occurred despite evidence suggesting that beyond a certain size of grant (well below the "mega" level) there is a much greater payout from granting...
View Details
Keywords:
by James Heskett
- 18 May 2010
- First Look
First Look: May 18
payout policy, profitability, and industry. We consider interpretations of these results based on both time-varying risk premia and mispricing. Our results are primarily consistent with the view that firms issue and repurchase shares to...
View Details
Keywords:
Martha Lagace
- 13 Oct 2015
- First Look
October 13, 2015
tax savings. We find that 2,281 top executives strategically realized their built-in capital gains prior to the tax hikes to save nearly $741 million in personal taxes in 2012. These executives also (1) make payout policy choices that...
View Details
- 20 Jan 2010
- First Look
First Look: Jan. 20
their firms as small firms when investors favor small firms. Local Dividend Clienteles Authors:Bo Becker, Zoran Ivkovic, and Scott Weisbenner Publication:Journal of Finance (forthcoming) Abstract We exploit demographic variation to identify the effect of dividend...
View Details
Keywords:
Martha Lagace
- 07 Jun 2017
- Research & Ideas
How an African History Scholar Became a Modern Righter of Wrongs
Leigh Day—and six decades after the Kenyan rebels were detained and tortured, the British government settled out of court with some 5,500 Kikuyu detention camp survivors. The monetary payout was 19.9 million pound sterling, the equivalent...
View Details
Keywords:
by Carmen Nobel
- 28 Nov 2016
- Research & Ideas
Challenging the Belief that Liability Laws Kill Medical Device Innovation
if the payout is less than certain amount,” says Luo. Pressure on patents In order to determine those effects on innovation, Luo and Galasso obtained data from the American Tort Reform Association on tort reform efforts between 1985 and...
View Details
- 23 Jun 2009
- First Look
First Look: June 23
attention to the returns of firms that do not issue at all, suggesting that issuance is partly an attempt to cater to broad time-varying patterns in characteristics mispricing. Our approach helps forecast returns to portfolios based on book-to-market (HML), size (SMB),...
View Details
Keywords:
Martha Lagace
- 06 Sep 2016
- First Look
September 6, 2016
emphasizing that the company delivered strong results despite an exceptionally challenging environment, which included a nearly 50% drop in oil prices. However, shareholders questioned the massive payout and ultimately rejected BP's...
View Details
Keywords:
Carmen Nobel
- 30 Jun 2009
- First Look
First Look: June 30
increase in domestic investment, employment or R@amp;D—even for the firms that lobbied for the tax holiday stating these intentions and for firms that appeared to be financially constrained. Instead, a $1 increase in repatriations was associated with an increase of...
View Details
Keywords:
Martha Lagace
- 17 Feb 2014
- Research & Ideas
Companies Detangle from Legacy Pensions
Prudential, which then promised to make good on the benefit payouts in the form of guaranteed annuities. The deal made sense—after all, who better than insurance companies to estimate life expectancy and long-term risk. And by pooling the...
View Details
- 14 Apr 2003
- Research & Ideas
Pay-for-Performance Doesn’t Always Pay Off
Level 3. For the first six months, everyone loved the new system. The majority of teams hit Levels 2 and 3. And, said Beer, because the payout was greater than expected, management adjusted the goals upward. Then the complaints began. The...
View Details
Keywords:
by Martha Lagace
- 25 May 2010
- First Look
First Look: May 25
be financially constrained or lobbied for the holiday. Instead, estimates indicate that a $1 increase in repatriations was associated with a $0.60 to $0.92 increase in payouts to shareholders—despite regulations stating that such...
View Details
Keywords:
Martha Lagace
- 24 Nov 2014
- Research & Ideas
Corrupting Silence: Companies Must Speak Up Against Bribes
business world with revelations it had been paying bribes for contracts on a massive scale—eventually admitting to payouts in 60 percent of its markets, totaling $130 million to $275 million a year. Shopping trips to Hong Kong were the...
View Details
Keywords:
by Michael Blanding
- 11 Jan 2011
- First Look
First Look: Jan. 11
SMB factors), and industry, our approach is also useful for forecasting factor returns associated with distress, payout policy, and profitability. Read the paper: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1572174 Are You a Good...
View Details
Keywords:
Sean Silverthorne
- 29 Sep 2009
- First Look
First Look: September 29
Working PapersLocal Dividend Clienteles Authors:Bo Becker, Zoran Ivkovich, and Scott WeisbennerNBER Working Paper Series, No. 15175, July 2009 Abstract We exploit demographic variation to identify the effect of dividend demand on firm View Details
Keywords:
Martha Lagace
- 30 Jan 2018
- First Look
January 30, 2018
historically, only government-subsidized products have achieved widespread adoption. A recent contractual innovation, which links insurance payouts to realized weather rather than farmer indemnity, has spurred substantial research in the...
View Details
Keywords:
Sean Silverthorne