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 …

We examine the association between ownership structure and dividend payout policy in a family firms dominated economy …. More specifically, we test whether family firms pay higher dividend compared to counter non-family firms in Bangladesh. We … argue that family firms are more likely to pay higher dividend to display lower agency problems between controlling family …

impact of family control, institutional environment and their interaction on the cash dividend policy of listed companies …. Our results indicate that (1) family firms have a lower cash dividend payout ratio and propensity to pay dividends than … dividend payout ratio and propensity to pay dividends of listed companies; and (3) the impact of the regional institutional …

The article analyses inter-dependencies between dividend, capital structure, and cost of capital, factoring the … concentrated ownership. Dividend, leverage, and average cost of capital are inter-linked. However, family firms pay lower dividends …

, we find that family control is negatively related to the dividend payout ratio. Family firms are less (more) likely to … increase (omit) dividends than non-family firms. These negative associations between family firms and dividend policy are more …

This article examines the effects of family involvement on dividend policy in closely held firms that face agency … not impact dividend policy; family involvement in both ownership and control through pyramids impacts dividend policy … negatively; family involvement in control through disproportionate board representation affects dividend policy positively. Thus …

simultaneous equations, we find a significant negative association between family ownership and dividend payout and a two …-way negative relation between dividend payout and leverage. Our analysis reveals that, compared to non-family firms, family firms … tend to maintain a lower dividend pay-out and higher leverage. The presence of large non-family ownership appears to have …

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 study provides empirical evidence on the relationship between dividend payout ratios, executive compensation and ….g. that increases in family control of the firm lead to a higher dividend payout). Nevertheless, we also find that managerial … compensations are negatively related to dividend payout ratios, even in this family controlled environment, dividends do play their …