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-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 …
Persistent link: https://www.econbiz.de/10012947291
This paper examines the impacts of dividend policy and ownership structure on stock price volatility in the Vietnamese … market. The study also tests for the moderating effect of foreign/state ownership on the dividend policy–price volatility … robust results indicate that dividend yield mitigates stock price volatility in the emerging market of Vietnam. The price …
Persistent link: https://www.econbiz.de/10012849579
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
. 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
Purpose: To investigate (provide empirical testing) the effect of ownership structure on corporate dividend policies by … dividend policies; dividend decision and dividend yield are regressed on two test variables and five control variables. The …) distribute higher levels of dividend. In the transitional period of the emerging market of Egypt, it is found that despite the …
Persistent link: https://www.econbiz.de/10012851252
managers and shareholders upon the control of internal funds, a simple model allows to analyse the link between profit …
Persistent link: https://www.econbiz.de/10013125625
We derive and develop a simple and intuitive model that shines fresh light on the relentless debate over whether corporate ownership converges to the Berle-Means modern corporation with high stock ownership dispersion. Our model takes into account the importance of both protective legal...
Persistent link: https://www.econbiz.de/10013004147
Persistent link: https://www.econbiz.de/10001660153
Purpose: The purpose of this paper is to examine the effect of private benefits of control on minority shareholders … theoretical model shows that, while private benefits are generally harmful to minority shareholders, the overall effect depends on …
Persistent link: https://www.econbiz.de/10012951334
Our study provides evidence on the share price reactions to the announcement of equity issues in Germany, where capital …
Persistent link: https://www.econbiz.de/10010316306