SSRN-Payout Policy in the 21th Century: The Data by Alon Brav, John Graham, Campbell Harvey, Roni Michaely

What a cool paper!! By Brav, Graham, Harvey, and Michaely on Dividend payout rations. They essentially redo Lintners' clasic 1956 paper but also provide the data!SSRN-Payout Policy in the 21th Century: The Data by Alon Brav, John Graham, Campbell Harvey, Roni Michaely: "Our findings indicate that maintaining the dividend level is on par with investment decisions, while repurchases are made out