We examine how dividend policy is used to mitigate potential conflicts of interest between majority and minority … shareholders in private Norwegian firms. The average payout is 50% higher if the majority shareholder's equity stake is 55% (high … subsequent minority shareholder investment. These results suggest that controlling shareholders voluntarily use dividends to …

of the empirical literature shows that dividend payout ratios are lower in firms with controlling shareholders. We … dividend policy to expropriate minority shareholders …This Article investigates the determinants of dividend policy in firms with concentrated ownership structure. A review …

shareholders? Or are dividends a substitute for legal protection? In the pre-1977 low-legal protection Brazilian market, growing … investors, dividend payouts do not generally increase, mature firms do not pay higher dividends, but growing firms cut them down …

This paper examines the response of private firms and their shareholders to a dividend tax increase, which affects only … a small group of shareholders. Using an exogenous shock in Germany, my results suggest that firms do not adjust their … response, if corporate minority shareholders are financially distressed, own a minority stake in a firm with a high dividend …

Investigating the impact of three types of state ownership on firms' dividend pay-out decisions for the first time …, this study focuses on the differences in dividend pay-out behavior among various state ultimate owners. It has been found … more likely to pay a dividend than the firms controlled by private ultimate owners. Central enterprises are no more likely …

Recent literature suggests that some socially responsible corporate actions benefit shareholders while others do not … environmental performance as the proxy for CSR. We show that family firms are more responsible to shareholders than non-family firms … diverge, i.e., when it comes to making environmental investments that might benefit society but do not benefit shareholders …

shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the …

few families. These business groups are often organised around a holding company. We analyse the dividend payouts of … the effects of several control-enhancing mechanisms (CEMs) on dividend payouts. We use precise quantitative proxies for … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …

, we find that family control is negatively related to the dividend payout ratio. Family firms are less (more) likely to … increase (omit) dividends than non-family firms. These negative associations between family firms and dividend policy are more …