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 …

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 …

This paper studies the payout policy of Italian firms controlled by large majority shareholders (controlled firms). The … controlling shareholders have strong incentives to expropriate minority shareholders, tend to prefer dividends over repurchases …

strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …Using data on listed banks in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative …

strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …Using data on listed bankes in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative …

indicate that nonfinancial firms as large shareholders increase dividend payout which leads to the reduction of free cash flow …The paper analyzes whether nonfinancial firms as large blockholders of the Brazilian firm shape dividend policy. Under … predicted by the Managerial Power Hypothesis. In this context, the Management Monitoring Hypothesis proposes that dividend …

winning majority support of shareholders influences the relation between a blockholder's monitoring incentive and a firm …'s dividend policy. When dividend-averse individuals collectively hold a majority stake in a dispersed ownership structure, a … dividend-seeking blockholder might be compelled to propose lower dividends than the tax-optimum to dominate the zero-dividend …

-specific determinants of dividend payout probabilities. Only the largest shareholders with equity stakes that are either between 25% and 50 …Numerous studies analyze the impact of ownership concentration and shareholder identity on dividend payout … dividend payments. Because the importance of those proxies varies with the classification techniques applied, we use both …

pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use … firms' cash dividend policy. The difference might stem from the historical nature of these ultimate controlling shareholders …Departing from the traditional cash flow rights-dividend policy framework, this study investigates whether the level of …

minority shareholders extract dividend from the firms as an outcome of legal protection in a manner that mitigates problem of … expropriation by corporate insiders . Consequentially the firms follow a stable dividend policy catering to the needs of the … investors with a favourable valuation implication. Overall our study highlights that the dividend policy of Singapore firms …