), namely ownership dispersion, insider ownership, Free Cash Flow (FCF) and leverage ratio, on the Dividend Payout Decisions … also reveals that insider ownership is not related to dividend policy. Therefore, the results from this study support the … dispersion and insider ownership. …

This paper provides new international evidence on the relationship between dividend policy and insider ownership by …-Saxon tradition the relation between dividends and insider ownership follows the pattern negative-positive-negative, in Civil Law …

insider ownership, where the value of the firm first increases, then decreases as insider ownership increases. These results … are consistent with a causal interpretation of the relationship between insider ownership and firm value. The results of …