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shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the …
Persistent link: https://www.econbiz.de/10014234822
companies, the dividend distribution policy (DDP) remains largely unexplained. In this regard, the main purpose of the current …
Persistent link: https://www.econbiz.de/10012698315
According to the prior literature, family executives of family-controlled firms receive lower compensation than non-family executives. One of the key driving forces behind this is the existence of family members who are not involved in management, but own significant fraction of shares and...
Persistent link: https://www.econbiz.de/10013047067
The study aims to evaluate the impact of board traits on the organizations' dividend pay-outratio. For the purpose … statistically significant effect on the dividend pay-outratio. On the same theme, board skills development has significant but … negative effect on the dividend pay-outratio. Nonetheless, the board gender diversity has a positive and insignificant effect …
Persistent link: https://www.econbiz.de/10012664529
, as compared to their conservative counterparts, pay less attention to shareholders and this is reflected in dividend … dividend payouts. In contrast, conservative CEOs pay more dividends, even if this requires redundancies …
Persistent link: https://www.econbiz.de/10012843632
shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …
Persistent link: https://www.econbiz.de/10012969875
. Shareholders trade off the cost of dismissing the manager with the cost of managerial discretion over the use of liquid funds. An …'s liquidity levels and the collective propensity of shareholders and managers to reduce cash flow risk. We also discuss the firm …
Persistent link: https://www.econbiz.de/10014258236
shareholders are the common determinants of dividend policy. The majority of the respondents reports that they target dividends …This research paper examines the corporate dividend payout behaviours of non-financial firms from Istanbul Stock … Exchange (Borsa Istanbul). Survey method is conducted to investigate managerial views on corporate dividend policy. The study …
Persistent link: https://www.econbiz.de/10012997951
not retain earnings to promote their own interests. The relationship between board independence and dividend distributions …-developed corporate governance framework to listed companies. Design/methodology/approach: Data on the considered companies' dividend …: Although board independence was not significantly related to dividend distributions for the sampled companies, INEDs still …
Persistent link: https://www.econbiz.de/10014234909
We empirically test the Expertise vs. Management friendly hypotheses of independent director tenure through dividend …-tenured directors are more likely to smooth dividends. This positive tenure-dividend relation is only evident in well-governed and low …
Persistent link: https://www.econbiz.de/10014254976