Using newly collected data on the ultimate ownership structure of publicly traded firms in nine East Asian economies …, we find that family control is negatively related to the dividend payout ratio. Family firms are less (more) likely to … increase (omit) dividends than non-family firms. These negative associations between family firms and dividend policy are more …

We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We …. We also show that private ownership tends to concentrate over time. In addition to firm-level variables, investor … protection, political and social stability explain the cross-firm differences in ownership concentration. We find that the …