{"id":"W1590663290","doi":"10.1111/fima.12018","title":"Corporate Payout Policy, Cash Savings, and the Cost of Consistency: Evidence from a Structural Estimation","year":2013,"lang":"en","type":"article","venue":"Financial Management","topic":"Corporate Finance and Governance","field":"Business, Management and Accounting","cited_by":4,"is_retracted":false,"has_abstract":true,"ca_institutions":"Wilfrid Laurier University; University of Toronto","funders":"","keywords":"Volatility (finance); Dividend payout ratio; Cash flow; Equity (law); Structural estimation; Dividend; Cash; Econometrics; Business; Monetary economics; Economics; Corporate finance; Investment (military); Finance; Dividend policy","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.000238159,0.0001904531,0.0002781071,0.0001020707,0.0001912336,0.0002105117,0.0002761795,0.0000453459,0.00008327416],"category_scores_gemma":[0.0002600834,0.0001393497,0.0000620107,0.0004654072,0.0002529501,0.001051331,0.0002873982,0.00009145791,0.0001481674],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.00003640663,"about_ca_system_score_gemma":0.0000371279,"about_ca_topic_candidate":true,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.02035184,"about_ca_topic_score_gemma":0.000581104,"domain_scores_codex":[0.9988201,0.00001542331,0.0003677453,0.0002902015,0.0002725685,0.0002339422],"domain_scores_gemma":[0.9986733,0.00007448526,0.0007639772,0.0003230435,0.0001539584,0.00001127859],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"observational","study_design_scores_codex":[0.0004568264,0.00005374068,0.1664706,0.0007153954,0.00007977698,0.0000390403,0.0004180446,0.0008824675,0.0001576784,0.5600012,0.02096283,0.2497624],"study_design_scores_gemma":[0.001141529,0.000008802541,0.918697,0.0002786077,0.00008052274,8.006186e-7,0.00004994891,0.009978753,0.00001325732,0.06544371,0.004117241,0.0001898594],"study_design_candidate":"observational","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9888289,0.0003640263,0.003120633,0.00362278,0.0003502515,0.001413779,0.00002263882,0.00005116525,0.002225815],"genre_scores_gemma":[0.9969196,0.0001132063,0.0005588475,0.001540982,0.0003645299,0.0001231681,0.0000145956,0.00001365363,0.0003514299],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.7522264,"threshold_uncertainty_score":0.9861717,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.02255645643892021,"score_gpt":0.2155717358821377,"score_spread":0.1930152794432174,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}