Ontology highlight
ABSTRACT:
SUBMITTER: Ungpakorn S
PROVIDER: S-EPMC9894484 | biostudies-literature | 2023
REPOSITORIES: biostudies-literature
Ungpakorn Saranyu S Chatjuthamard Pattanaporn P Jiraporn Pornsit P Phiromswad Piyachart P
PloS one 20230202 2
We investigated the effect of uncertainty associated with infectious diseases on corporate dividend policy. We used a unique text-based measure of infectious diseases that includes not only the Covid-19, but also other important diseases, such as SARs, MERs, and Ebola. Based on a sample of 287,151 firm-year observations across four decades (from 1985 to 2021), our results show that a higher level of uncertainty associated with infectious diseases significantly reduce dividends. Interestingly, we ...[more]