Parachute Effect of Dividends Paid in Times of Health Crisis: Case of Moroccan MSI 20 Companies
Bibliographic record
Abstract
The dividend is a part of the profit that remunerates the shareholder, but in the deeper sense it is a tool that aims to cement at first sight the relationship between the company and its shareholders within the framework of a Shareholder Relationship Management (SRM). Indeed, the dividend is dependent on the choice of the company, its size, its sector of activity but also on the economic situation of the country. Moreover, in times of crisis, some listed companies waive this distribution and others, on the other hand, seem more generous to absorb the fall in the stock market prices of their values in order to appease the losses suffered by their shareholders. In doing so, the objective of this research is to analyze the dividend distribution policy of listed companies who form the MSI 20 in order to verify the existence of the parachute effect of the dividend. For that, we choose a five-year study running from 2017 to 2021.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.004 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.001 | 0.001 |
| Science and technology studies | 0.001 | 0.001 |
| Scholarly communication | 0.001 | 0.001 |
| Open science | 0.000 | 0.001 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.003 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".