Hofler, Richard; Elston, Julie Ann; Lee, Junsoo - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
This study investigates the relationship between institutional ownership and dividend payout behavior of the firm in Germany. Using a propensity scoring method estimator to control for endogeneity problems, we find evidence that neither institutional ownership nor bank control is statistically...
