has been relatively limited analysis of the dividend behavior of multinationals. We find that investors in multinationals … dividends, consistent with a view that such regular dividend payments are a mechanism through which to discipline host …-country managers. In contrast, German investors, who tend to invest in riskier countries, do not appear to demand persistent dividend …

Stock Exchange, on dividend policy of these companies in the years 2004-2014. An evaluation of the direction and strength of … – dividend payout policy based on the binary logit model - showed that along with a growing share of a foreign investor in a … given company the probability of dividend payment by the company increased significantly. The second – dividend level change …