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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
Dividend policy determines the ratio between the earnings distributed to shareholders and the earnings retained in the … puzzles in corporate finances. This paper starts by determining the term of dividend and stating the types of dividends. This … is followed by a discussion on dividend policy and optimal dividend policy and an analysis of factors that managers …
Persistent link: https://www.econbiz.de/10010790609
bank performance with respect to bank as an intermediation agent also affects the wealth of stakeholders, especially … depositors. Agency problems cause severe effects on bank performance. This research examines agency theory arguments in the … banking industry by analyzing the effect on the firm specific variables, managerial stock ownership, leverage, and dividend …
Persistent link: https://www.econbiz.de/10011205716
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 …
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