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(noncontrolling shareholders) and bank creditors (e.g. depositors or debt-holders) on bank dividend payout policies using a panel data … to examine the impact of legal protection of shareholders and creditors on bank dividend payout amounts. And, logit panel …Purpose: The purpose of this paper is to examine the impact of legal protection of bank minority shareholders …
Persistent link: https://www.econbiz.de/10012996597
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011523499
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011521411
shareholder protections are less likely to have the entrenchment of the controlling shareholders, while minority shareholders in …
Persistent link: https://www.econbiz.de/10013098983
This study presents the first comprehensive compilation of the number of people around the world who own shares directly and indirectly. We document that at least 310 million people in 59 countries (24 developed and 35 emerging market nations) own stock directly [Table 1]. Nearly 173 million of...
Persistent link: https://www.econbiz.de/10013156944
This paper analyzes the relationship between ownership structure (shareholders' stake and identity) and corporate risk … also find a trend to the alignment of interests between the largest shareholder and the other large shareholders, so that …
Persistent link: https://www.econbiz.de/10012974325
The increase in institutional ownership, the shift towards passive portfolio management and the rise of common ownership have transformed OECD countries financial markets in the last decades. The paper investigates the potential consequences of these transformations on firm's productivity, using...
Persistent link: https://www.econbiz.de/10014435855
, we find that family control is negatively related to the dividend payout ratio. Family firms are less (more) likely to … increase (omit) dividends than non-family firms. These negative associations between family firms and dividend policy are more …
Persistent link: https://www.econbiz.de/10012856800
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
We investigate the dividend smoothing behavior of firms using a large sample of firms covering 28 countries. Our … results show that the levels of dividend smoothing in the firms vary substantially across countries. This finding confirms and … extends the findings of previous research that the dividend policy of the U.S. firms differs materially from the dividend …
Persistent link: https://www.econbiz.de/10013039612