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Bakou Mertens
@bakoumertens.bsky.social
Econ PhD student @Ghent University. Working with firm-level data on corporate finance without the self-serving blinds. => Corporate financialization, inequality and climate, but Interested in macro in general. Blogging at bakoumertens.quarto.pub
23 followers92 following4 posts
BMbakoumertens.bsky.social

My first paper is out in Socio-Economic Review! doi.org/10.1093/ser/... Using firm-level data on all stock listed firms in the world I show that it is not the growth of shareholder remunerations that causes rising payout ratios, but precisely their inability to fall, their downward rigidity.

When shareholder power kicks in: corporate financialization as ratchet behaviour and sticky payouts
When shareholder power kicks in: corporate financialization as ratchet behaviour and sticky payouts

Abstract. The rise of payout ratios has been ascribed by financialization scholars to shareholder value orientation (SVO), a governance practice associated

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BM
Bakou Mertens
@bakoumertens.bsky.social
Econ PhD student @Ghent University. Working with firm-level data on corporate finance without the self-serving blinds. => Corporate financialization, inequality and climate, but Interested in macro in general. Blogging at bakoumertens.quarto.pub
23 followers92 following4 posts