- Allen, F., & Michaely, R. (2003). Payout policy, Handbook of the Economics of Finance (1, pp. 337–429).
Paper not yet in RePEc: Add citation now
Almeida, H. (2019). Is it time to get rid of earnings‐per‐share (EPS)? Review of Corporate Finance Studies, 8(1), 174–206.
Almeida, H., Fos, V., & Kronlund, M. (2016). The real effects of share repurchases. Journal of Financial Economics, 119(1), 168–185.
Bagwell, L. S., & Shoven, J. B. (1989). Cash distributions to shareholders. The Journal of Economic Perspectives, 3(3), 129–140.
Baker, M., & Wurgler, J. (2004a). Appearing and disappearing dividends: The link to catering incentives. Journal of Financial Economics, 73(2), 271–288.
Baker, M., & Wurgler, J. (2004b). A catering theory of dividends. Journal of Finance, 59(3), 1125–1165.
- Bartov, E. (1993). The timing of asset sales and earnings manipulation. The Accounting Review, 68(4), 840–855.
Paper not yet in RePEc: Add citation now
Bartov, E., Givoly, D., & Hayn, C. (2002). The rewards to meeting or beating earnings expectations. Journal of Accounting and Economics, 33(2), 173–204.
Beasley, M. S., & Salterio, S. E. (2001). The relationship between board characteristics and voluntary improvements in audit committee composition and experience. Contemporary Accounting Research, 18(4), 539–570.
Bens, D. A., Nagar, V., Skinner, D. J., & Wong, M. H. F. (2003). Employee stock options, EPS dilution, and stock repurchases. Journal of Accounting and Economics, 36(1–3), 51–90.
Bessler, W., Drobetz, W., Seim, M., & Zimmermann, J. (2016). Equity issues and stock repurchases of initial public offerings. European Financial Management, 22(1), 31–62.
Billett, M. T., & Xue, H. (2007). The takeover deterrent effect of open market share repurchases. Journal of Finance, 62(4), 1827–1850.
Bliss, B. A., Cheng, Y., & Denis, D. J. (2015). Corporate payout, cash retention, and the supply of credit: Evidence from the 2008–2009 credit crisis. Journal of Financial Economics, 115(3), 521–540.
Bradford, W., Chen, C., & Zhu, S. (2017). Conservative accounting, IFRS convergence and cash dividend payments: Evidence from China. European Financial Management, 23(3), 376–414.
Brav, A., Graham, J. R., Harvey, C. R., & Michaely, R. (2005). Payout policy in the 21st century. Journal of Financial Economics, 77(3), 483–527.
Brennan, M. J., & Thakor, A. V. (1990). Shareholder preferences and dividend policy. Journal of Finance, 45(4), 993–1018.
Brown, L. D. (2001). A temporal analysis of earnings surprises: Profits versus losses. Journal of Accounting Research, 39(2), 221–241.
- Brown, L. D., & Caylor, M. L. (2005). A temporal analysis of quarterly earnings thresholds: Propensities and valuation consequences. The Accounting Review, 80(2), 423–440.
Paper not yet in RePEc: Add citation now
Brunnermeier, M. K. (2009). Deciphering the liquidity and credit crunch 2007–2008. The Journal of Economic Perspectives, 23(1), 77–100.
Burgstahler, D., & Eames, M. (2006). Management of earnings and analysts’ forecasts to achieve zero and small positive earnings surprises. Journal of Business Finance and Accounting, 33(5–6), 633–652.
- Burnett, B. M., Cripe, B. M., Martin, G. W., & McAllister, B. P. (2012). Audit quality and the trade‐off between accretive stock repurchases and accrual‐based earnings management. The Accounting Review, 87(6), 1861–1884.
Paper not yet in RePEc: Add citation now
Cain, M. D., McKeon, S. B., & Solomon, S. D. (2017). Do takeover laws matter? Evidence from five decades of hostile takeovers. Journal of Financial Economics, 124(3), 464–485.
Campello, M., Graham, J. R., & Harvey, C. R. (2010). The real effects of financial constraints: Evidence from a financial crisis. Journal of Financial Economics, 97(3), 470–487.
Chan, K., Ikenberry, D., & Lee, I. (2004). Economic sources of gain in stock repurchases. Journal of Financial and Quantitative Analysis, 39(3), 461–479.
Chen, S.‐S., & Wang, Y. (2012). Financial constraints and share repurchases. Journal of Financial Economics, 105(2), 311–331.
- Cheng, Q., & Warfield, T. D. (2005). Equity incentives and earnings management. The Accounting Review, 80(2), 441–476.
Paper not yet in RePEc: Add citation now
Chetty, R., & Saez, E. (2006). The effects of the 2003 dividend tax cut on corporate behavior: Interpreting the evidence. American Economic Review, 96(2), 124–129.
Cohen, D. A., & Zarowin, P. (2010). Accrual‐based and real earnings management activities around seasoned equity offerings. Journal of Accounting and Economics, 50(1), 2–19.
- Cohen, D. A., Dey, A., & Lys, T. Z. (2008). Real and accrual‐based earnings management in the pre‐ and post‐Sarbanes–Oxley periods. The Accounting Review, 83(3), 757–787.
Paper not yet in RePEc: Add citation now
Cohen, J., Krishnamoorthy, G., & Wright, A. M. (2002). Corporate governance and the audit process. Contemporary Accounting Research, 19(4), 573–594.
DeAngelo, H., & DeAngelo, L. (2007). Payout policy pedagogy: What matters and why. European Financial Management, 13(1), 11–27.
DeAngelo, H., DeAngelo, L., & Skinner, D. J. (2004). Are dividends disappearing? Dividend concentration and the consolidation of earnings. Journal of Financial Economics, 72(3), 425–456.
DeAngelo, H., DeAngelo, L., & Stulz, R. M. (2006). Dividend policy and the earned/contributed capital mix: A test of the life‐cycle theory. Journal of Financial Economics, 81(2), 227–254.
- Dechow, P. M., & Skinner, D. J. (2000). Earnings management: Reconciling the views of accounting academics, practitioners, and regulators. Accounting Horizons, 14(2), 235–250.
Paper not yet in RePEc: Add citation now
DeFond, M. L., & Jiambalvo, J. (1994). Debt covenant violation and manipulation of accruals. Journal of Accounting and Economics, 17(1–2), 145–176.
Denis, D. J., & Denis, D. K. (1993). Managerial discretion, organizational structure, and corporate performance. A study of leveraged recapitalizations. Journal of Accounting and Economics, 16(1–3), 209–236.
Dittmar, A. K. (2000). Why do firms repurchase stock? Journal of Business, 73(3), 331–355.
Dittmar, A. K., & Dittmar, R. F. (2008). The timing of financing decisions: An examination of the correlation in financing waves. Journal of Financial Economics, 90(1), 59–83.
- Doyle, J. T., Ge, W., & McVay, S. (2007). Accruals quality and internal control over financial reporting. Accounting Review, 82(5), 1141–1170.
Paper not yet in RePEc: Add citation now
Easterbrook, F. H. (1984). Two agency‐cost explanations of dividends. American Economic Review, 74(4), 650–659.
Engel, E., Hayes, R. M., & Wang, X. (2010). Audit committee compensation and the demand for monitoring of the financial reporting process. Journal of Accounting and Economics, 49(1–2), 136–154.
Fama, E. F., & French, K. R. (2001). Disappearing dividends: Changing firm characteristics or lower propensity to pay? Journal of Financial Economics, 60(1), 3–43.
- Farre‐Mensa, J., Michaely, R., & Schmalz, M. (2014). Payout policy. Annual Review of Financial Economics, 6, 75–134.
Paper not yet in RePEc: Add citation now
Farrell, K., Unlu, E., & Yu, J. (2014). Stock repurchases as an earnings management mechanism: The impact of financing constraints. Journal of Corporate Finance, 25, 1–15.
Fernandes, N., & Guedes, J. (2010). Keeping up with the Joneses: A model and a test of collective accounting fraud. European Financial Management, 16(1), 72–93.
Floyd, E., Li, N., & Skinner, D. J. (2015). Payout policy through the financial crisis: The growth of repurchases and the resilience of dividends. Journal of Financial Economics, 118(2), 299–316.
Gao, H., & He, Z. (2019). Board structure and role of outside directors in private firms. European Financial Management, 25(4), 861–907.
Gorton, G. B. (2010). Questions and answers about the financial crisis (Working Paper). Cambridge, MA: National Bureau of Economic Research.
Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005). The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40(1–3), 3–73.
Grullon, G., & Michaely, R. (2002). Dividends, share repurchases, and the substitution hypothesis. Journal of Finance, 57(4), 1649–1684.
Grullon, G., & Michaely, R. (2004). The information content of share repurchase programs. Journal of Finance, 59(2), 651–680.
Guay, W. (2002). Discussion of real investment implications of employee stock option exercises. Journal of Accounting Research, 40(2), 395–406.
Hoberg, G., & Prabhala, N. R. (2009). Disappearing dividends, catering, and risk. Review of Financial Studies, 22(1), 79–116.
Hribar, P., Jenkins, N. T., & Johnson, W. B. (2006). Stock repurchases as an earnings management device. Journal of Accounting and Economics, 41(1–2), 3–27.
Hu, A., & Kumar, P. (2004). Managerial entrenchment and payout policy. Journal of Financial and Quantitative Analysis, 39(4), 759–790.
Huang, S., & Thakor, A. V. (2013). Investor heterogeneity, investor–management disagreement and share repurchases. Review of Financial Studies, 26(10), 2453–2491.
Ikenberry, D., Lakonishok, J., & Vermaelen, T. (1995). Market underreaction to open market share repurchases. Journal of Financial Economics, 39(2–3), 181–208.
Ikenberry, D., Lakonishok, J., & Vermaelen, T. (2000). Stock repurchases in Canada: Performance and strategic trading. Journal of Finance, 55(5), 2373–2397.
Jain, P. K., & Rezaee, Z. (2006). The Sarbanes–Oxley Act of 2002 and capital‐market behavior: Early evidence. Contemporary Accounting Research, 23(3), 629–654.
- Jain, P. K., Kim, J.‐C., & Rezaee, Z. (2003). Have the Sarbanes–Oxley Act of 2002 and CEO certifications made the market more informed (Working Paper) (pp. 1–31). Memphis, TN: University of Memphis.
Paper not yet in RePEc: Add citation now
Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193–228.
Julio, B., & Ikenberry, D. L. (2004). Reappearing dividends. Journal of Applied Corporate Finance, 16(4), 89–100.
Kasznik, R., & McNichols, M. F. (2002). Does meeting earnings expectations matter? Evidence from analyst forecast revisions and share prices. Journal of Accounting Research, 40(3), 727–759.
Korajczyk, R. A., & Levy, A. (2003). Capital structure choice: Macroeconomic conditions and financial constraints. Journal of Financial Economics, 68(1), 75–109.
Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163–197.
Lie, E. (2005). Operating performance following open market share repurchase announcements. Journal of Accounting and Economics, 39(3), 411–436.
Linck, J. S., Netter, J. M., & Yang, T. (2009). The effects and unintended consequences of the Sarbanes–Oxley Act on the supply and demand for directors. Review of Financial Studies, 22(8), 3287–3328.
- Lopez, T. J., & Rees, L. (2002). The effect of beating and missing analysts’ forecasts on the information content of unexpected earnings. Journal of Accounting, Auditing & Finance, 17(2), 155–184.
Paper not yet in RePEc: Add citation now
Louis, H. (2004). Earnings management and the market performance of acquiring firms. Journal of Financial Economics, 74, 121–148.
Massa, M., Rehman, Z., & Vermaelen, T. (2007). Mimicking repurchases. Journal of Financial Economics, 84(3), 624–666.
- Matsumoto, D. A. (2002). Management's incentives to avoid negative earnings surprises. The Accounting Review, 77(3), 483–514.
Paper not yet in RePEc: Add citation now
- Matsunaga, S. R., & Park, C. W. (2001). The effect of missing a quarterly earnings benchmark on the CEO's annual bonus. The Accounting Review, 76(3), 313–332.
Paper not yet in RePEc: Add citation now
Maxwell, W. F., & Stephens, C. P. (2003). The wealth effects of repurchases on bondholders. Journal of Finance, 58(2), 895–919.
- Myers, J. N., Myers, L. A., & Skinner, D. J. (2007). Earnings momentum and earnings management. Journal of Accounting, Auditing & Finance, 22(2), 249–284.
Paper not yet in RePEc: Add citation now
- Paulson, H. (2007). The key test of accurate financial reporting is trust. Financial Times. May 17.
Paper not yet in RePEc: Add citation now
- Payne, J. L., & Robb, S. W. (2000). Earnings management: The effect of ex ante earnings expectations. Journal of Accounting, Auditing & Finance, 15(4), 371–392.
Paper not yet in RePEc: Add citation now
- Rezaee, Z. (2004). Corporate governance role in financial reporting. Research in Accounting Regulation, 17, 107–149.
Paper not yet in RePEc: Add citation now
Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of Accounting and Economics, 42(3), 335–370.
- Shleifer, A., & Vishny, R. W. (2010). Unstable banking. Journal of Financial Economics, 97(3), 306–318.
Paper not yet in RePEc: Add citation now
Skinner, D. J. (2008). The evolving relation between earnings, dividends, and stock repurchases. Journal of Financial Economics, 87(3), 582–609.
- Skinner, D. J., & Sloan, R. G. (2002). Earnings surprises, growth expectations, and stock returns or don't let an earnings torpedo sink your portfolio. Review of Accounting Studies, 7(2–3), 289–312.
Paper not yet in RePEc: Add citation now
- Sloan, R. G. (1996). Do stock prices fully reflect information in accruals and cash flows about future earnings? The Accounting Review, 71(3), 289–315.
Paper not yet in RePEc: Add citation now
Stein, J. C. (1989). Efficient capital markets, inefficient firms: A model of myopic corporate behavior. Quarterly Journal of Economics, 104(4), 655–669.
White, H. (1980). A heteroskedasticity‐consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48(4), 817–838.
White, L. F. (1996). Executive compensation and dividend policy. Journal of Corporate Finance, 2(4), 335–358.
- Xie, H. (2001). The mispricing of abnormal accruals. The Accounting Review, 76(3), 357–373.
Paper not yet in RePEc: Add citation now
- Zang, A. Y. (2012). Evidence on the trade‐off between real activities manipulation and accrual‐based earnings management. The Accounting Review, 87(2), 675–703.
Paper not yet in RePEc: Add citation now