agency costs. Our results support the pre-commitment hypothesis. Dual-class firms have higher cash dividend payments and …

This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend … following the crisis, dividend payouts increase in proportion to pyramidal debt of dominant owners. We inspect pyramidal …

This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend … following the crisis, dividend payouts increase in proportion to pyramidal debt of dominant owners. We inspect pyramidal …

-owned enterprises (listed CSOEs) controlled by these parent CSOEs experience a significant reduction in dividend payouts. The reduction … in dividend payouts is concurrent with an increase in intra-group capital flows: listed CSOEs' loans to group peers and …

This paper analyzes the dividend payout by Romanian companies listed on the Bucharest Stock Exchange in connection with … follow two reasons in deciding the dividend payout: to allocate more for investments, or to increase the dividend ratio. Each … paper found no significant correlation between the dividend policy and the corporate tax burden. However, the dividend …

We find that minority shareholders’ voting opposition to dividend proposals is associated with significantly higher … cash dividend payout in the following year for stocks listed in Shanghai Stock Exchange. When minority shareholders’ voting … dividend payout. Minority shareholders’ voting opposition has a stronger positive effect on cash dividend payout when they post …

few families. These business groups are often organised around a holding company. We analyse the dividend payouts of … the effects of several control-enhancing mechanisms (CEMs) on dividend payouts. We use precise quantitative proxies for … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …