Choi, Bo Bae; Kang, Jangkoo; Lee, Doowon - In: International Journal of Managerial Finance 10 (2014) August, pp. 453-469
Purpose – The purpose of this paper is to explore unequal dividend payment policies called differentiated dividends (DDs) in Korea. The characteristics of firms are examined which allocate higher dividends to small shareholders than large shareholders within the same share class....
