{"id":"https://openalex.org/W2937511843","doi":"https://doi.org/10.1145/3312662.3312683","title":"Managerial Ability and Dividend Payout Policy during Global Financial Crisis","display_name":"Managerial Ability and Dividend Payout Policy during Global Financial Crisis","publication_year":2019,"publication_date":"2019-01-12","ids":{"openalex":"https://openalex.org/W2937511843","doi":"https://doi.org/10.1145/3312662.3312683","mag":"2937511843"},"language":"en","primary_location":{"id":"doi:10.1145/3312662.3312683","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3312662.3312683","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2019 3rd International Conference on Management Engineering, Software Engineering and Service Sciences","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101652387","display_name":"Ming Xiao","orcid":"https://orcid.org/0000-0002-6671-8168"},"institutions":[{"id":"https://openalex.org/I92403157","display_name":"University of Science and Technology Beijing","ror":"https://ror.org/02egmk993","country_code":"CN","type":"education","lineage":["https://openalex.org/I92403157"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xiao Ming","raw_affiliation_strings":["Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing, P.R. China"],"affiliations":[{"raw_affiliation_string":"Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing, P.R. China","institution_ids":["https://openalex.org/I92403157"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5034176498","display_name":"Bushra Sarwar","orcid":"https://orcid.org/0000-0003-2034-2414"},"institutions":[{"id":"https://openalex.org/I92403157","display_name":"University of Science and Technology Beijing","ror":"https://ror.org/02egmk993","country_code":"CN","type":"education","lineage":["https://openalex.org/I92403157"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Bushra Sarwar","raw_affiliation_strings":["Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing, P.R. China"],"affiliations":[{"raw_affiliation_string":"Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing, P.R. China","institution_ids":["https://openalex.org/I92403157"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072282513","display_name":"Rehana Naheed","orcid":null},"institutions":[{"id":"https://openalex.org/I146563203","display_name":"University of International Business and Economics","ror":"https://ror.org/05khqpb71","country_code":"CN","type":"education","lineage":["https://openalex.org/I146563203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Rehana Naheed","raw_affiliation_strings":["School of Insurance and Economics, University of International Business and Economics, Beijing, P.R. China"],"affiliations":[{"raw_affiliation_string":"School of Insurance and Economics, University of International Business and Economics, Beijing, P.R. China","institution_ids":["https://openalex.org/I146563203"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5101652387"],"corresponding_institution_ids":["https://openalex.org/I92403157"],"apc_list":null,"apc_paid":null,"fwci":0.8684,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.77393841,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":null,"issue":null,"first_page":"174","last_page":"178"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9819999933242798,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/endogeneity","display_name":"Endogeneity","score":0.77791827917099},{"id":"https://openalex.org/keywords/financial-crisis","display_name":"Financial crisis","score":0.7648904323577881},{"id":"https://openalex.org/keywords/dividend-payout-ratio","display_name":"Dividend payout ratio","score":0.7029256820678711},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"Dividend policy","score":0.6723100543022156},{"id":"https://openalex.org/keywords/dividend","display_name":"Dividend","score":0.6408805847167969},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.5599340200424194},{"id":"https://openalex.org/keywords/propensity-score-matching","display_name":"Propensity score matching","score":0.5488213300704956},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.5120937824249268},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5050442814826965},{"id":"https://openalex.org/keywords/financial-system","display_name":"Financial system","score":0.4292370676994324},{"id":"https://openalex.org/keywords/marketization","display_name":"Marketization","score":0.4192991554737091},{"id":"https://openalex.org/keywords/panel-data","display_name":"Panel data","score":0.41001877188682556},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.34384289383888245},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.25815773010253906},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.239711731672287},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.2377380132675171},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.1120963990688324}],"concepts":[{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.77791827917099},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.7648904323577881},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.7029256820678711},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.6723100543022156},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6408805847167969},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5599340200424194},{"id":"https://openalex.org/C17923572","wikidata":"https://www.wikidata.org/wiki/Q7250160","display_name":"Propensity score matching","level":2,"score":0.5488213300704956},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5120937824249268},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5050442814826965},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4292370676994324},{"id":"https://openalex.org/C2776208816","wikidata":"https://www.wikidata.org/wiki/Q3481003","display_name":"Marketization","level":3,"score":0.4192991554737091},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.41001877188682556},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34384289383888245},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.25815773010253906},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.239711731672287},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.2377380132675171},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.1120963990688324},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3312662.3312683","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3312662.3312683","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2019 3rd International Conference on Management Engineering, Software Engineering and Service Sciences","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.47999998927116394,"display_name":"Peace, Justice and strong institutions"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1677595927","https://openalex.org/W2020764437","https://openalex.org/W2047466900","https://openalex.org/W2051676333","https://openalex.org/W2065601052","https://openalex.org/W2124115302","https://openalex.org/W2124532504","https://openalex.org/W2151428644","https://openalex.org/W2171936018","https://openalex.org/W2200334784","https://openalex.org/W2569082969","https://openalex.org/W2802705338","https://openalex.org/W3124941789","https://openalex.org/W3125615571","https://openalex.org/W3125821728","https://openalex.org/W3125967361","https://openalex.org/W4253971021"],"related_works":["https://openalex.org/W1484809014","https://openalex.org/W2380198706","https://openalex.org/W2090345768","https://openalex.org/W2356514433","https://openalex.org/W3215587151","https://openalex.org/W2347893185","https://openalex.org/W3200849755","https://openalex.org/W1517418884","https://openalex.org/W2993425899","https://openalex.org/W4252190471"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"we":[3,32],"examine":[4],"the":[5,61,74,86],"impact":[6,75],"of":[7,18,30,63,76,88],"pre-crisis":[8,39,50],"managerial":[9],"ability":[10],"(MA)":[11],"on":[12,78],"firms'":[13],"dividend":[14,41,53,79,102],"policy":[15],"during":[16,140],"period":[17,142],"global":[19],"financial":[20],"crisis.":[21],"By":[22],"using":[23],"data":[24],"for":[25,111],"1640":[26],"non-financial":[27],"listed":[28],"firms":[29,90,114,116],"China,":[31],"document":[33],"a":[34,46],"strong":[35,118],"positive":[36],"relation":[37,48],"between":[38,49,99],"MA,":[40],"initiation":[42],"decision":[43,55,139],"(Di),":[44],"and":[45,52,66,95,101,115,159],"negative":[47],"MA":[51,77,100],"termination":[54],"(Dt),":[56],"that":[57,97,137],"remains":[58],"robust":[59],"in":[60,91],"presence":[62],"corporate":[64],"governance":[65],"CEO":[67],"level":[68],"control":[69,156],"variables.":[70],"We":[71],"also":[72],"analyze":[73],"payout":[80,103],"decisions":[81,104],"(Dt,":[82,105],"Di)":[83,106],"by":[84],"varying":[85],"construction":[87],"sample":[89],"two":[92],"different":[93],"ways,":[94],"find":[96],"relationship":[98],"are":[107],"1)":[108],"more":[109,122],"prevalent":[110],"financially":[112],"unconstrained":[113],"with":[117],"balance":[119],"sheet,":[120],"2)":[121],"pronounced":[123],"under":[124],"high":[125],"marketized":[126,132],"groups":[127],"as":[128],"compare":[129],"to":[130,155],"low":[131],"groups.":[133],"Further,":[134],"study":[135,147],"confirms":[136],"di(dt)":[138],"crisis":[141],"increases(decreases)":[143],"firm":[144],"value.":[145],"This":[146],"further":[148],"employs":[149],"propensity":[150],"score":[151],"matching":[152],"(PSM)":[153],"method":[154],"possible":[157],"endogeneity,":[158],"produce":[160],"similar":[161],"results.":[162]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}