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This study examines the impact of family control on the dividend policy of firms in Pakistan, covering the period from 2009 to 2016. It also investigates whether family control moderates the impact of firm-specific factors on the dividend policy. The GMM model for panel data estimation is used....
Persistent link: https://www.econbiz.de/10012602834
shareholders is weaken after the reform; (2) dividends are taken as a measure to reduce agency problems caused by free cash flows … are taken as the measure of minority shareholder protection and signalling rather than expropriation after the reform …
Persistent link: https://www.econbiz.de/10014001348
Der folgende Beitrag zeichnet die Anfänge der Behandlung des Bodens in der Geschichte der ökonomischen Theorie und in der dazu korrespondierenden politischen Praxis nach. Eine zentrale Rolle spielt die Kritik am Privatbesitz am Boden, aus der dann die Forderung nach einer Besteuerung des...
Persistent link: https://www.econbiz.de/10014285734
purposes and to compare it with land valuation for restitution and expropriation purposes. In the processing of the topic, we …
Persistent link: https://www.econbiz.de/10014333123
We study the labor market outcomes of males aged 18-60 obtaining an urban hukou as a result of land expropriation …-à-vis native urbanites. We also find that children of families experiencing a hukou change due to expropriation have similar … expropriation, suggesting that leveling the hukou status amongst children in an urban area may be a first step towards reducing …
Persistent link: https://www.econbiz.de/10010481591
expropriating workers. Keeping to their term of expropriation, it would be justified to characterize capitalism as a system for …
Persistent link: https://www.econbiz.de/10011733827
political power to expropriate productive assets. In a joint venture, the domestic asset owner bears the risk of expropriation … institutional framework in the host country, the elite in uences the risk of expropriation. We determine the equilibrium risk of … expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization …
Persistent link: https://www.econbiz.de/10010286399
This article intends to help understand the debate about TTIP by focusing on the specific issue of how TTIP may regulate investment protection of foreign-owned property. It gives an overview of the international law of expropriations of and other interferences with foreign-owned property for...
Persistent link: https://www.econbiz.de/10011536100
International investment agreements have provoked intense criticism in the policy debate during recent years. Particularly contentious has been their "ISDS" mechanisms, which enable investors to litigate against host countries. This paper examines whether host countries would be better off with...
Persistent link: https://www.econbiz.de/10012145473
International investment agreements have become increasingly controversial. The agreements are alleged to be beset with a large number of deficiencies that harm host countries in particular. For instance, they are said to cause "regulatory chill", to distorts investment patterns, and to lead to...
Persistent link: https://www.econbiz.de/10012145475