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Braun, Matías; Rubio, Germán; Tigero, Tamara - In: International review of financial analysis 89 (2023), pp. 1-21

Persistent link: https://www.econbiz.de/10014467282

Ownership Structure, Sharing of Control and Legal Framework : International Evidence

López-Iturriaga, Félix J.; López-de-Foronda, Óscar; … - 2008

We analyze the relation between capital structure, ownership structure, and corporate value for a sample of 1,216 firms from 15 European countries. Our results stress two different conflicts of interest and show the differential role played by the mechanisms of corporate control depending on the...

Persistent link: https://www.econbiz.de/10014058241

Ownership Structure and Dividend Smoothing : Cross-Country Evidence

Rahman, Nahid - 2014

policies of the firms in other countries. We propose that an extension of the agency view of dividends may explain the … diversity of dividend smoothing behavior of our sample firms. We argue that the agency view of dividends implies that both firm …

Persistent link: https://www.econbiz.de/10013039612

Do Share Repurchases Facilitate Movement Towards Target Capital Structure? International Evidence

Wang, Zigan; Yin, Qie Ellie; Yu, Luping - 2021

shares immediately after the law change, controlling for other repurchasing motives. Post-legalization repurchases also …

Persistent link: https://www.econbiz.de/10013223019

Chapter 6. Law and Finance After a Decade of Research

La Porta, Rafael; Lopez-de-Silanes, Florencio; … - 2013

In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...

Persistent link: https://www.econbiz.de/10014025558

Declining Labor Shares and the Global Rise of Corporate Savings

Karabarbounis, Loukas - 2012

We document a 5 percentage point decline in the share of global corporate income paid to labor from the mid-1970s to the late 2000s. Increased dividend payments did not absorb all of the resulting increase in profits, and therefore, the supply of corporate savings increased by over 20 percentage...

Persistent link: https://www.econbiz.de/10013105240

Ownership Structure, Tax Regime, and Dividend Smoothing : International Evidence

Shinozaki, Shinya - 2014

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 … dividends more than companies in a partial or full imputation system. These results suggest US firms adjust their dividend …

Persistent link: https://www.econbiz.de/10013065545

Responding to the global financial and economic crisis : meeting the challenges in Asia

Arner, Douglas W.; Schou-Zibell, Lotte - 2010

Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...

Persistent link: https://www.econbiz.de/10011283429

Does the Bonding Effect Matter in a More Integrated Capital Market World?

Doukas, John A. - 2015

This paper examines the bonding effect of cross-listing before and after the stock market liberalization reforms in China. Consistent with the bonding hypothesis, we find that Chinese firms with foreign listings attain higher valuations than firms without foreign listings. We also find that they...

Persistent link: https://www.econbiz.de/10013039029

Bank Capital and Dividend Externalities

Acharya, Viral V. - 2016

dividends and inefficient recapitalization relative to the efficient policy that maximizes banking sector equity. We compare the …

Persistent link: https://www.econbiz.de/10012983304