This paper examines the relationship between institutional holdings and dividend policy by jointly considering … investment style and firms' growth opportunities. It helps to resolve the apparent low-dividend-preference puzzle in which … institutional investors have higher holdings in dividend-paying firms, but among dividend payers, prefer firms that pay low …

barrier strategy is applied, and how the optimal dividend barrier can be determined. Conditions for optimality are discussed …

This study addresses the debate over the relation between institutional ownership and dividend payout through the lens … conditioning on firms' financial performance, they will use dividend payout to mitigate the firms' agency problems. We find the … ownership and dividend payout ratio; (2) the positive relation is more salient when the firm has high agency costs; and (3) the …

This paper investigates the relationship between dividend payout and institutional ownership for all Australian listed … dividend-paying firms more than non-paying firms, and for the dividend-paying firms in our sample, institutional investors hold … more shares in the firms who pay higher dividends. We further explore the causality between dividend payout and …

accruals; (ii) when a cash dividend is paid, abnormal accruals are positively associated with current earnings and are … find that it is firms with higher earnings per share growth which are more likely to distribute a stock dividend …

that institutional investors are net sellers in dividend reduction firms during the two quarters prior to the announcements …. They also trade more intensively in firms that do not prepare the market for dividend cuts or that have greater information …

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

This paper examines the relationship between previous dividend payment policy and the cumulative abnormal return around … non-dividend firms or with no change in dividend payment than to those of dividend paying or changing in dividend payment … firms. We also provide evidence that dividend activities mitigate the effect of information asymmetry caused by ownership …

I examine how institutions and individuals trade shares around ex-dividend days. I predict that institutions are more … likely than individuals to capture dividends for tax purposes by buying shares of a stock before it goes ex-dividend. I infer … individuals increase their net buying activities on the last cum-dividend days, especially in high dividend yield stocks; and that …

This paper studies the impact of banks' dividend restrictions on the behavior of their institutional investors. Using … funds permanently decrease their ownership shares at treated banks during the 2020 dividend restrictions in the Eurozone and … ownership and banks' dividend yield, highlighting again the importance of dividends for European banks' fund investors. This …