Agency theory suggests that CEOs view dividends unfavorably because dividend payouts deprive them of the free cash flow … dividend-paying firms, a rise in CEO power by one standard deviation reduces the size of dividend payouts by 5.91%. Share …

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 … decisions such as dividend policy …

Motivated by agency theory, we investigate the effect of board independence on dividend policy. We exploit as a quasi …

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 …