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(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
The paper studies features of the formation of the dividend policy and the factors that determine the example of joint … development of effective dividend policy are tools that would allow property owners to maximize revenues. …
Persistent link: https://www.econbiz.de/10010855525
The paper analyzes the dynamic interaction between dividend and investment by adopting numerical methods in a growth … achieve the mature size, impulse response functions and moment properties for dividend and investment associated with margin … range and dividend decision is highly associated with cash flows available in ethanol plants. …
Persistent link: https://www.econbiz.de/10010879104
The relation between dividends and bank soundness has recently drawn much attention from both academics and policy makers. However, the existing literature lacks an investigation of the relation between dividends and bank risk taking. I find a positive relation between default risk and payout...
Persistent link: https://www.econbiz.de/10010906173
The purpose of the paper is to study the effect of taxation on dividend payments and ex-dividend price-changes in … to previous studies. The results indicate that tax-reforms can have large effects on dividend payments, while the effects … on ex-dividend price-changes are less conclusive. …
Persistent link: https://www.econbiz.de/10010937103
have been the reduction in dividend tax rates. …
Persistent link: https://www.econbiz.de/10010941138
connected with a dividend. In Poland dividend is not discussed often and indicators connected with dividend are practically not … the stock exchange market. The analyses are conducted for some dividend variables on the Warsaw Stock Exchange (dividend … statistical parameters to detect statistical regularity for dividend rate of return and pay indicators, stopping and re …
Persistent link: https://www.econbiz.de/10011008165
Dividend initiations are an economically significant event that has important implications for a firm’s future … dividend decision cautiously. We compare the long run performance of IPO firms that initiated dividends with those of similarly … initiation date. Moreover, we measure investor reactions by 2-day around dividend announcement date cumulative abnormal return …
Persistent link: https://www.econbiz.de/10011210197