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The Impact of Institutional Ownership on Dividends - An Agency Theory Based Analysis
Chang, Kiyoung - 2014
This study addresses the debate over the relation between institutional ownership and dividend payout through the lens … conditioning on firms' financial performance, they will use dividend payout to mitigate the firms' agency problems. We find the … ownership and dividend payout ratio; (2) the positive relation is more salient when the firm has high agency costs; and (3) the …
Persistent link: https://www.econbiz.de/10013046117
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Executive Compensation : Investor Preferences During Say-on-Pay Votes and the Role of Proxy Voting Advisors
Gomtsian, Suren - 2023
Shareholder say-on-pay votes allow institutional investors to influence the incentives of managers and, consequently, corporate behaviour. Surprisingly, the preferences of investors on executive compensation have been largely overlooked in the ongoing debates on sustainable corporate behaviour....
Persistent link: https://www.econbiz.de/10014254709
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Political Connections and Dividends Payout in Malaysia : The Influence of Institutional Investors
Benjamin, Samuel - 2015
This study examines the agency problem of expropriation using dividends in politically connected firms and the relevance of institutional investors in limiting this problem. Our results suggest that politically connected firms (PCON) have a preference to pay lower dividends whereas institutional...
Persistent link: https://www.econbiz.de/10013029202
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Bank dividend restrictions and banks' institutional investors
Mücke, Christian - 2023
This paper studies the impact of banks' dividend restrictions on the behavior of their institutional investors. Using … funds permanently decrease their ownership shares at treated banks during the 2020 dividend restrictions in the Eurozone and … ownership and banks' dividend yield, highlighting again the importance of dividends for European banks' fund investors. This …
Persistent link: https://www.econbiz.de/10014308197
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Institutional Ownership and Flexibility in Payout Policy : Evidence from the Financial Crisis
Haque, Imran - 2017
I study the role of institutional stock ownership in facilitating flexibility in firms' payout policy by examining payout reductions during the financial crisis of 2008-2009. Treating the financial crisis as a systemic, negative shock to firms' access to capital markets, I find that firms with...
Persistent link: https://www.econbiz.de/10012958013
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Strong Shareholders, Weak Outside Investors
Gutiérrez Urtiaga, María - 2017
In this paper, we consider the corporate governance challenge of protecting outside investors in listed, controlled firms. European jurisdictions are supposed to be more veteran and skilled in dealing with these firms in comparison to the U.S. But we argue that outside investors in European...
Persistent link: https://www.econbiz.de/10012940905
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Controlling Shareholders’ Stock Pledge and Institutional Shareholding : Evidence from China
Li, Ni - 2017
This paper examines the impact of controlling shareholders' stock pledge on institutional shareholding using the sample of Chinese listed firms. Stock pledge means shareholders use stock of listed firms as the pledged assets to apply for loans. Using the sample of Chinese listed firms during the...
Persistent link: https://www.econbiz.de/10012949666
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Institutional investor preferences for corporate governance mechanisms
Bushee, Brian J.; Carter, Mary Ellen; Gerakos, Joseph - In: Journal of management accounting research : JMAR 26 (2014) 2, pp. 123-149
Persistent link: https://www.econbiz.de/10010480133
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The benefits of access : evidence from private meetings with portfolio firms
Becht, Marco; Franks, Julian R.; Wagner, Hannes - 2021
Persistent link: https://www.econbiz.de/10012589373
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Cross-border share voting and improving voting chain deficiencies in the 21st century
Lui, Alison - In: International journal of corporate governance : IJCG 6 (2015) 1, pp. 70-85
Persistent link: https://www.econbiz.de/10011554663