Payout suspensions during the Covid-19 pandemic
研究了新冠疫情爆发后企业暂停股息支付和股票回购的空前速度，与全球金融危机对比，并估计了企业通过暂停支付节省的现金量。
We provide evidence on the unprecedented rate at which firms suspended dividend payments and share repurchases following the outbreak of the Covid-19 pandemic, compare it to the Global Financial Crisis, and estimate the amount of cash firms saved through payout suspensions.