-2010. We find that founding family firms have higher dividends and total pay-outs than non-family firms. There is no … significant difference between stock repurchases for the two types of firms. We show that specific firm characteristics such as …

dividends or repurchases, compared to their propensity-matched single-class firms. Dual-class firms with severe free cash flow …-class firms have higher cash dividend payments and total payouts, and they use more regular cash dividends rather than special … generate home-made dividends by selling shares since super-voting shares are often non-tradable or very illiquid. …

some of the main pillars of behavioral corporate finance: management, closed – end funds puzzle, dividends and the …

dividends. Most of the decline is due to the payout policies of smaller and less profitable firms with comparatively more … have a greater propensity to pay dividends. The proportion of dividend payers varies substantially across industries as … well. However, the proportion of firms paying dividends has declined over time, even after firms’ characteristics have been …

This paper examines cash dividends and share repurchases in Japan - discerning between keiretsu and non … United States, share repurchases in Japan have grown strikingly across firm groupings even relative to cash dividends which … amounts of cash, they rely relatively heavily on cash dividends rather than share repurchases, they exhibit a greater tendency …

existing payout literature studies by analyzing jointly the trends in dividends and share repurchases.Unlike in the US, we find … repurchases is increasing, but dividends still constitute a vast proportion of the total payout.Firms repurchasing shares usually … choice of the payout channel: firms with concentrated ownership tend to opt for dividends rather than share repurchases …

relevance condition fulfillment. The results indicate that big private Colombian exporting firms decree dividends as a way to …