Hot-Stove Effects: The Impact of CEO Past Professional Experiences on Dividend Policy

Courtesy of Matthew Faulkner and Luis García-Feijóo In 2019, companies such as IBM, Apple, and Disney paid shareholder dividends of approximately $6 billion, $14 billion, and $3 billion respectively. What explains the decision to pay out dividends and the amounts involved? In a recent study, we focus on the impact of CEO past professional experience […]