-induced clienteles. Firms do indeed not cater to the tax preferences of their shareholders (including individuals, pension funds … reduce the dividend payout and increase the use of share repurchases …

minority shareholders, resulting in smaller distributions of dividend payments … lower dividend payout ratios than independent firms do. We also find that the adverse effect of chaebol firms' weak … shareholder rights on dividend payout ratios appears to exemplify with the onset of the global financial crisis in 2008. In …

In this paper, we investigate if dividend policy is influenced by ownership type. Within the dividend literature … expect firms with foreign ownership and those that are listed in overseas markets to have different dividend policies and … these effects exist in corporate dividend policy and practice. We find that both foreign ownership and cross-listing have …

in determining the dividend policy in Brazil, which is harmful for minority shareholders …The paper aims to analyze, under the Agency Theory framework, whether ownership concentration has effects on dividend … policy of the Brazilian company. Specifically, the work analyzes the possibility of expropriation of minority shareholders by …

In this paper, we analyze the effects of common institutional blockholders (CIBs) on the dividend policies of investee … CIB punishes non-dividend paying investee firms by voting against a large fraction of proposals put forward by firm … management if a larger fraction of the CIB’s other investee firms have paid dividends. Our results suggest that the dividend …

concentration and performance, calculated by Tobin's Q, showing how the participation of inside shareholders on the board and a low …

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

. Shareholders who grant loans have a dual stakeholder role, being both equity holders and creditors. Those loans could be lost … payments from shareholder loans tend to lower payout volatility which also reduces the need for dividend and earnings smoothing …