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Payout suspensions during the Covid-19 pandemic
Davide Pettenuzzo1, Riccardo Sabbatucci2, Allan Timmermann3
1Brandeis University, International Business School, United States of America.
Abstract:
We provide evidence on the unprecedented rate at which firms suspended dividend payments and share repurchases following the outbreak of the Covid-19 pandemic, compare it to the Global Financial Crisis, and estimate the amount of cash firms saved through payout suspensions.
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