Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over

This dissertation consists of two essays. The first essay examines how corporate payout policies and debt can be interchangeably used as substitutes in controll

The book investigates empirically mechanisms behind the recent widespread use of employee stock options and share repurchases in corporate financial management.

We investigate how corporate payout policy is influenced by executive incentives, i.e. stock and option holdings, stock options delta, and stock-based pay-perfo