Concepedia

Payout Smoothing

Payout Smoothing is a financial policy framework within the domain of corporate dividend theory that systematically moderates changes in shareholder distributions to maintain stable payout ratios despite fluctuations in earnings.

52

Publications

6.3K

Citations

89

Authors

83

Institutions

Publications per year

2017–2026

14

Parents

Publications

52

Payout policy in the 21st century

Alon Brav, John R. Graham, Campbell R. Harvey et al. · Journal of Financial Economics · 2005 · 2.3K citations

, , +16

A Theory of Income and Dividend Smoothing Based on Incumbency Rents

Drew Fudenberg, Jean Tirole · Journal of Political Economy · 1995 · 788 citations · Full text

, , +14

Payout Policy in the 21st Century

Alon Brav, John R. Graham, Campbell R. Harvey et al. · SSRN Electronic Journal · 2004 · 482 citations · Full text

, , +16

Corporate Dividend Policies: Lessons from Private Firms

Roni Michaely, Michael R. Roberts · Review of Financial Studies · 2011 · 459 citations

, , +12

Shareholder-Manager Conflict and the Information Content of Dividends

Praveen Kumar · Review of Financial Studies · 1988 · 187 citations

, , +17

1–5 of 52

Authors

89

  1. RM
    Roni Michaely

    University of Hong Kong, Hong Kong SAR China

    9 publications · 3.6K citations

    9

    h-index

  2. JR
    John R. Graham

    Duke University, United States

    3 publications · 2.9K citations

    3

    h-index

  3. SC
    Stewart C. Myers

    Massachusetts Institute of Technology, United States

    3 publications · 48 citations

    3

    h-index

  4. CR
    Campbell R. Harvey

    Duke University, United States

    3 publications · 2.9K citations

    3

    h-index

  5. AB
    Alon Brav

    Duke University, United States

    3 publications · 2.9K citations

    3

    h-index

1–5 of 89

Institutions

83

  1. National Bureau of Economic Research

    Cambridge, United States

    8 h-index

    13 publications

    4.3K citations

  2. University of Hong Kong

    Pok Fu Lam, Hong Kong

    4 h-index

    4 publications

    634 citations

  3. Cornell University

    Ithaca, United States

    4 h-index

    7 publications

    3.2K citations

  4. Duke University

    Durham, United States

    3 h-index

    10 publications

    8.7K citations

  5. Washington University in St. Louis

    St Louis, United States

    3 h-index

    3 publications

    274 citations

  6. European Corporate Governance Institute

    Brussels, Belgium

    3 h-index

    4 publications

    627 citations

  7. Centre for Economic Policy Research

    London, United Kingdom

    2 h-index

    2 publications

    30 citations

  8. Atlantic University College

    Guaynabo, Puerto Rico

    2 h-index

    3 publications

    139 citations

1–8 of 83

Venues

  1. SSRN Electronic Journal

    Repository · 8 publications · 730 citations

    8

    h-index

  2. Journal of Corporate Finance

    5 publications · 383 citations

    5

    h-index

  3. Review of Financial Studies

    3 publications · 717 citations

    3

    h-index

  4. Journal of Financial and Quantitative Analysis

    JFQA · 2 publications · 190 citations

    2

    h-index

  5. International Journal of Managerial Finance

    IJMF · 2 publications · 64 citations

    2

    h-index

1–5