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Keeping up with the Joneses and the real effects of S&P 500 inclusion
Bennett, Benjamin; Stulz, René M.; Wang, Zexi - 2021
Firms added to the S&P 500 index join a prestigious and exclusive club. They want to fit in the club, which creates a “keeping up with the Joneses” effect. Firms pay more attention to their index peers after inclusion and their investment, external financing, and payouts comove more with...
Persistent link: https://www.econbiz.de/10012584272
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Impact of foreign ownership on dividend policy in Poland
Zyguła, Andrzej - In: E-Finanse : finansowy kwartalnik internetowy 13 (2017) 4, pp. 76-88
The article analyses the impact of foreign investors, who were the majority shareholders of companies on the Warsaw Stock Exchange, on dividend policy of these companies in the years 2004-2014. An evaluation of the direction and strength of the influence of the analysed group of investors, using...
Persistent link: https://www.econbiz.de/10011899978
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Payout policies of privately held firms : flexibility and the role of income taxes
Jacob, Martin; Alstadsæter, Annette - 2013 - This version: November 2013
We study the importance of owner wages and dividends as alternative payout channels in privately held firms. Using data … on all Swedish closely held corporations and their owner-managers over the period 2000 - 2009, we find that dividends … comprise one-fourth of total payout to owner-managers. Dividends are used as a flexible payout channel. Wages are the preferred …
Persistent link: https://www.econbiz.de/10010207348
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The impact of ownership concentration on payout across Nordic firms
Twahir M. Khalfan; Wendt, Stefan - In: Journal of multinational financial management 56 (2020), pp. 1-16
Persistent link: https://www.econbiz.de/10012597073
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Dividend policy, corporate control and tax clienteles : the case of Germany
Andres, Christian; Betzer, André; Goergen, Marc - 2011
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...
Persistent link: https://www.econbiz.de/10009248245
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Dividend policy, corporate control and the tax status of the controlling shareholder
Andres, Christian; Betzer, André; Goergen, Marc - 2012
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...
Persistent link: https://www.econbiz.de/10009616339
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The Effect of Corporate Governance, Corporate Financing Decision and Ownership Structure on Firm Performance : A Panel Data Approach from Kuwait Stock Exchange
Al Mutairi, Mohammad Eid - 2010
The aim of this paper is to examine the effect of corporate governance, corporate financing decision, and ownership structure on firm performance. The study uses panel based regression approach; the analysis is based on a sample of 80 listed Kuwait Stock Exchange Market firms, over a period of 9...
Persistent link: https://www.econbiz.de/10013135649
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The Impact of Institutional Ownership and Dividend Policy on Stock Returns and Volatility : Evidence from Egypt
Azzam, Islam - 2011
This paper examines the effect of institutional ownership on stock volatility, returns, and dividend policy in Egypt. It also investigates the impact of dividend policy on the direction of the relation between institutional ownership and stock volatility and returns. Our main results show that...
Persistent link: https://www.econbiz.de/10013121624
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Agency Issues in a Family - Controlled Corporate Governance Structure - The Case of Italy
Bhattacharyya, Nalinaksha - 2011
compensations are negatively related to dividend payout ratios, even in this family controlled environment, dividends do play their …
Persistent link: https://www.econbiz.de/10013124689
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Managerial Incentives, Financial Constraints and Ownership Concentration
Protopapa, Marco - 2011
This work investigates the role of equity ownership for the purpose of committing the management to the pursuit of shareholder value in the presence of separation between ownership and control. By rooting the conflicts of interests between managers and shareholders upon the control of internal...
Persistent link: https://www.econbiz.de/10013125625