Butt, Umar; Chamerlain, Trevor William - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-13
developed and emerging markets. This study focuses specifically on these relationships in a dividend policy framework. This … blockholders. Our results indicate that blockholder ownership reduces stock return volatility for both non-dividend-paying and … dividend-paying stocks, does not impact returns and is not perceived as expropriating the wealth of other investors. We also …