Showing 1 - 10 of 5,832
This is the first comprehensive study of the distribution of voting rights to shareholders. Only those owning stock on the record date may vote. Firms, however, reveal that date after the fact 91% of the time. With controversial votes, firms are more likely to do the opposite, and this is...
Persistent link: https://www.econbiz.de/10013234725
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
firm which remains the relation with major customer in a longer period pays higher dividend. This finding is unbiased by … the substitutional effect between dividend and repurchase and robust in different model specifications. Digging deeper, I … find that the positive effect of relationship duration with major customer on supplier dividend payout is contributable to …
Persistent link: https://www.econbiz.de/10012844302
ambiguity on payout, we find that dividend initiation announcement returns increase in ambiguity …
Persistent link: https://www.econbiz.de/10012854214
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 …
Persistent link: https://www.econbiz.de/10012023922
The article discusses the relationship between dividend policy and the quality of corporate governance. On the one hand … explanations of mixed results. We find a set of factors that can affect the link between corporate governance quality and dividend …
Persistent link: https://www.econbiz.de/10012858309
-listing events, we find that firms reach a new equilibrium dividend policy after a shift in the level of shareholder protection and … the direction of the dividend adjustment depends on the pre-cross-listing locus of control. Exchange-traded cross …-listings can afford to decrease dividend payouts as they substitute dividends with better corporate governance. However, dividend …
Persistent link: https://www.econbiz.de/10013020606
investors, dividend payouts do not generally increase, mature firms do not pay higher dividends, but growing firms cut them down …
Persistent link: https://www.econbiz.de/10012831919
We investigate dividend smoothing behaviors of approximately 6,000 firms from 28 countries. The data find a wide … variation in the extent of dividend smoothing across countries, while US firms smooth dividends the most. Firms with a … concentrated ownership structure adjust their dividends quickly, especially when the target dividend level is lower than dividends …
Persistent link: https://www.econbiz.de/10013065545
profitability and earned/contributed capital mix on the decision to pay dividends and dividend payout are weaker for firms following … dividend payout and this effect does not vary between traditional and imputation tax systems. Firms with higher foreign … the imputation tax system upon dividend policy …
Persistent link: https://www.econbiz.de/10012976740