Showing 1 - 10 of 1,004
Persistent link: https://www.econbiz.de/10011696605
on unlisted companies is included. The dividend policy of Japanese companies, awareness of corporate governance, funding …
Persistent link: https://www.econbiz.de/10010332431
) and dividend policy in Poland. Our empirical approach, constructs measures of the quality of the corporate governance for … the TDI or its subindices leads to an increase in the dividend-to-cash-flow ratio. These results support the hypothesis … companies have a higher dividend payout ratio, while riskier and more indebted firms prefer to pay lower dividends. …
Persistent link: https://www.econbiz.de/10010264957
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …
Persistent link: https://www.econbiz.de/10010291127
The paper examines whether and how the increasing internationalisation of firms impacts on the operation of a co-ordinated market economy. Following the tenets of agency theory it assumes that an emerging market for corporate control changes the monitoring mechanisms that oversee management....
Persistent link: https://www.econbiz.de/10010303875
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …
Persistent link: https://www.econbiz.de/10010308557
example that control and ownership of dividend rights may be entirely separated, and that multiple equilibria may exist in …
Persistent link: https://www.econbiz.de/10010292758
Empire-building by managers implies that they use a lower effective discount rate in making investment decisions. We use actual investment decisions to measure the gap between the manager's effective discount rate and the market rate. Our empirical work is based on panel data for 193 Canadian...
Persistent link: https://www.econbiz.de/10010292760
This paper discusses the current state of and issues related to corporate governance in America after the passage of the Sarbanes-Oxley Act of 2002. It suggests additional steps necessary to realize improvement in the ways in corporations govern themselves and regulators must operate to make the...
Persistent link: https://www.econbiz.de/10010295526
Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...
Persistent link: https://www.econbiz.de/10010297658