theory of investment and dividend policy, where dividends are paid by self-interested CEOs to maintain a balance between …

We argue that CEOs have different attitudes toward the firm's stakeholders and that these differences in attitudes affect … firms during 1997-2014 and find that firms with liberal CEOs are less likely to pay dividends and have significantly lower … dividend payouts. In contrast, conservative CEOs pay more dividends, even if this requires redundancies …

(dividends and share repurchases) decisions. …

This study examines whether dividends payout has a positive contribution to firm performance while taking into account … over the 1998–2007 period, we find that dividends payout has statistically significantly positive impacts on both return on … assets (ROA) and Tobin's Q, particularly after controlling for the nonlinear relation between dividends and firm performance …

-class firms have higher cash dividend payments and total payouts, and they use more regular cash dividends rather than special … dividends or repurchases, compared to their propensity-matched single-class firms. Dual-class firms with severe free cash flow … 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 …