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Purpose –The purpose of this paper is to examine whether the significant dividend tax rate reduction for individual … examine the impact of the 2006 dividend tax cut on dividends and share repurchases in Canadian listed firms from 2003 to 2008 … tax cut, firms increased their dividend payouts, with larger increases for firms in which shareholders benefited from the …
Persistent link: https://www.econbiz.de/10011124205
This paper examines the payout policies of UK firms listed on the London Stock Exchange during the 1990s.It complements the existing literature by analyzing the trends in both dividends and total payouts (including share repurchases).In a dynamic panel data regression setting, we relate target...
Persistent link: https://www.econbiz.de/10011090300
governance and corporate dividend payout in a sample of 281 emerging market firms. I show that the outcome model of dividends …, which states that corporate dividend payout increases in the strength of corporate governance, holds in emerging markets … is, differences in creditor rights are not systematically related to dividend payout in the way predicted by the agency …
Persistent link: https://www.econbiz.de/10010954104
The 'law and finance theory' predicts that the common law system provides the best basis for financial development and economic growth, followed by Scandinavian and German origin civil law and finally French origin civil law. This paper summarises the key points and a number of sceptical views....
Persistent link: https://www.econbiz.de/10010817094
Vergleich zu einer Dividende vorteilhaft auf die Vermögensposition der Aktionäre auswirkt. Die Abschätzung der quantitativen … period. Prior to that point of time stock owners preferred profit distributions by share repurchase instead of a dividend due … examines the wealth of stock owners when a firm distributes earnings by dividend or share repurchase instead. The results …
Persistent link: https://www.econbiz.de/10010985729
Dividende oder in Form eines Aktienrückkaufes ausschüttet, oder diese Mittel alternativ für eine Investition einbehält. Auf der … examined if the corporation pays out free cash in the form of a dividend or share repurchase or alternatively retains the funds …
Persistent link: https://www.econbiz.de/10010985757
(VF)L’article présente un modèle décrivant le partage de la valeur créée entre le dirigeant et l’actionnaire. Le modèle montre que le limogeage représente une menace très dissuasive pour le dirigeant qui suffit le plus souvent à réfréner son appétit pour les prélèvements...
Persistent link: https://www.econbiz.de/10005111171
Persistent link: https://www.econbiz.de/10005037372
(VF)L’objectif de cette étude est d’analyser la relation entre les politiques de distribution des entreprises familiales cotées et deux grands types de conflits d’agence dans les entreprises familiales, entre actionnaires et dirigeant (type I), et entre actionnaires majoritaires et...
Persistent link: https://www.econbiz.de/10010585947
support that the concentration of managerial ownership affects the firms financial policies, mainly the leverage and dividend … determines a negative and significant association among the mangers ownership concentration and dividend policy of the firms … asymmetric information will decrease and directly decrease the effectiveness of the dividend policy. Beside this the firms with …
Persistent link: https://www.econbiz.de/10011260358