while using repurchases of superior shares to maintain the private benefits of control. With a sample of dual-class firms …-class firms are more likely than a matched sample of single-class firms to pay dividends in both share classes, but they are more …

the flexibility of repurchases relative to dividends. Developing a comprehensive model that explains the choice between … and survey-based research on corporate payout policy. Findings – Dividends once constituted a prominent part of an … investor's total return, but this role has declined over time. Although many companies still pay cash dividends, share …

larger dividends and more often than industrial firms. Investors often look at the dividends as being important return …

in 2006. Findings – Consistent with an agency view of dividends functioning to reduce the need for firm monitoring, it …

larger dividends and more often than industrial firms. Investors often look at the dividends as being important return …

to those corporations that do not make this election. The impact this election has on the dividends paid to the investors … assets (ROA). The dividend ratio is defined as dividends as a percentage of net income (dividends/net income). Accounting …

-reducing projects (moral hazard). Hence, the model combines signalling and free cash-flow motives for dividends. Furthermore, managerial … need to cut dividends in order to invest in a new value-creating project, but where the firm will be punished by the market … to cut dividends, hence passing up good projects. This paper demonstrates that managerial communication to investors …

power and exogeneity are checked. How ownership concentration affects the propensity to increase dividends following changes … by large shareholders. Ownership concentration is associated with significantly lower dividends in proportion to earnings … dividends when earnings increase or when debt decreases. Practical implications – Large shareholders do not appear to use …