their institutional shareholders indicates that quot;dividend-aversequot; institutions are significantly less likely to hold … shares in firms with larger dividend payouts. This relationship between the tax preferences of institutional shareholders and … changes, managers alter their dividend policy to serve their institutional shareholders …

their institutional shareholders indicates that "dividend-averse" institutions are significantly less likely to hold shares … in firms with larger dividend payouts. This relationship between the tax preferences of institutional shareholders and … changes, managers alter their dividend policy to serve their institutional shareholders …

shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders … adjusted Polish legal solutions to those valid in developed capital markets. -- payout policy ; share repurchase ; dividend …

This paper studies the payout policy of Italian firms controlled by large majority shareholders (controlled firms). The … controlling shareholders have strong incentives to expropriate minority shareholders, tend to prefer dividends over repurchases …