This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend … following the crisis, dividend payouts increase in proportion to pyramidal debt of dominant owners. We inspect pyramidal …

This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend … following the crisis, dividend payouts increase in proportion to pyramidal debt of dominant owners. We inspect pyramidal …

industry all matter for determining PE levels as a function of payout levels. In particular, current-period dividend payout is … dividend payout change is significantly and negatively associated with next period PE change. We find evidence supporting an …

site visits arouse more dividend-related proposals at following shareholder meeting. The paper supports the bright sideof …

Using data on listed banks in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative … strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …

The present study investigates the impact of institutional ownership and growth opportunities on dividend policy based … results, using OLS and Tobit regression models, suggest that dividend payouts are positively affected by growth opportunities … impact of ownership by Modarbah, NIT and miscellaneous institutions on dividend payout is observed. Large companies are less …

This paper examines the dividend policy for firms listed on the Taiwan Stock Exchange and test the life cycle … hypothesis. The sample involves 6031 observations of dividend payments over the 16-year period 1992-2007. Consistent with the … prediction of the life cycle hypothesis, the results indicate that dividend payers (cash dividends, stock dividends, or both) are …

REIT dividend policies and dividend announcement effects during the 2008-2009 liquidity crisis are examined … important motive for REITs adjusting dividend policies during the crisis and support dividend catering theory where investor … demand for dividends impacts corporate dividend policies. Moreover, REITs that cut or suspend dividends experience positive …

affects dividend policy of REITs. Surprisingly, we document that only 17 REITs chose to issue elective stock dividends. We … dividends. This suggests that cash flow problems are unlikely to be the primary determinant of the elective stock dividend … these dividend announcements …

corporate governance in determining corporate dividend policy. We find that, while all three variables play a significant role … in determining both the likelihood and the dividend amount, the effect of country-level creditor rights dominate. In … shareholders, exert the greatest influence over corporate dividend policy …