Two Essays on the Corporate Payout Behavior of Japanese and European Firms

Rahnuma Binte Ahsan
This dissertation investigates the corporate payout policies in Japanese and European firms in light of substitution and flexibility hypothesis of share repurchase. This study contributes to the literature in four folds-first, provides a comprehensive description of payout behavior in Japan and Europe for the period 1980-2006, second, examines the substitution hypothesis of share repurchase in these regions, third, provides three alternative measures of transitory earnings and fourth, examines the effect of transitory earnings on repurchase...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.