Oil & Energy Trends: Annual Statistical ReviewVolume 44, Issue 1 p. 4-4 Information - Geographical and Geopolitical CoverageFree Access Coverage First published: 21 June 2023 https://doi.org/10.1111/oets.12130AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text full-text accessPlease review our Terms Conditions of Use check box belo...

In this study, we examine the effects of geopolitical risk on corporate payout policy. Exploiting a news-based index risk, find that firms adopt more conservative policy by reducing share repurchases in response to greater whereas cash dividends are insignificant. Further analysis suggests flow uncertainty and financial distress two potential channels through which affects We also show repurcha...