dividend policy. The evidence suggests that firms with staggered boards are more likely to pay dividends and pay them more … generously than do those with unitary boards. We also show that the impact of staggered boards on dividend payouts is … dividend payouts. Our results are important as they show that certain governance provisions have considerably more influence …

Motivated by agency theory, we investigate the effect of board independence on dividend policy. We exploit as a quasi … consistent with the notion that stronger board independence forces managers to disgorge more cash to shareholders, thereby …

helps align management's and shareholders' interests whereas outside-dominated boards better monitor management, whose … fiduciary duties to shareholders may be compromised by conflicts of interest inherent in management buyouts. Finally, there is …

Motivated by agency theory, we investigate how a firm’s overall quality of corporate governance affects its dividend … firms with stronger governance exhibit a higher propensity to pay dividends and, for dividend payers, pay larger dividends …. The results are consistent with the notion that shareholders of firms with better governance quality are able to force …

We contribute to the literature on dividend policy by relaxing Miller and Modigliani's (1961) perfect capital market … dividend payouts by 29%. Our results are consistent with the notion that talented managers, confident in their ability to keep …