What question did this study set out to answer?

The research investigates how natural disasters influence corporate dividend policies across various countries.

Natural Disasters and Corporate Dividend Policies: International Evidence

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This analysis shows a significant correlation between natural disasters and corporate dividends, indicating a global impact.

The research investigates how natural disasters influence corporate dividend policies across various countries.
Analyzed data from 128 countries between 1990 and 2023.
Utilized methodologies including ITCV, Two-Stage Least Squares (2SLS), and difference-in-differences (DID).
Explored mediation through cash holdings and leverage.
Found a significant positive correlation between natural disasters and corporate dividend distributions.
Identified stronger effects in non-crisis periods and within Asia and the Americas.
Revealed that impacts are more pronounced in BRICS countries compared to OECD countries.

Wang et al. (2026) studied this question.

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