This study investigates the relationship between agency costs and ownership structure for a sample of listed Italian companies to determine the impact of shareholder coalitions on agency costs. Using a balanced panel dataset of 1,956 firm-year observations for the period 2002−2013, the results...

Purpose – The aim of this study is to investigate the relationship between financial decisions and ownership structure using the control contests on a sample of Italian listed companies.Design/methodology/approach – The analysis adopts a balanced panel data-set of 984 firm-year observations...

This study investigates the relationship between local culture, as measured by religiosity, and dividend payouts based on a sample of 155 Italian firms over the period 2000-2016, yielding 2,382 firm-year observations. We find a significantly positive relationship between religiosity and dividend...