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In this paper, we investigate the possible association between the firm's ownership structure and dividend policy and … whether the corporate governance practices adopted by the firm have any impact on dividend policy. In India the presence of … significantly different approach to dividend policy compared to non-family run companies. The use of debt by firms in its capital …
Persistent link: https://www.econbiz.de/10013011639
, 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 …
Persistent link: https://www.econbiz.de/10012856800
The article discusses the relationship between dividend policy and the quality of corporate governance. On the one hand … explanations of mixed results. We find a set of factors that can affect the link between corporate governance quality and dividend …
Persistent link: https://www.econbiz.de/10012858309
-listing events, we find that firms reach a new equilibrium dividend policy after a shift in the level of shareholder protection and … the direction of the dividend adjustment depends on the pre-cross-listing locus of control. Exchange-traded cross …-listings can afford to decrease dividend payouts as they substitute dividends with better corporate governance. However, dividend …
Persistent link: https://www.econbiz.de/10013020606
We examine how dividend policy is used to mitigate potential conflicts of interest between majority and minority …
Persistent link: https://www.econbiz.de/10012932790
Persistent link: https://www.econbiz.de/10012549141
This Article investigates the determinants of dividend policy in firms with concentrated ownership structure. A review … of the empirical literature shows that dividend payout ratios are lower in firms with controlling shareholders. We … explain this finding as a consequence of the legal rules governing cash distributions, which leave the dividend decision in …
Persistent link: https://www.econbiz.de/10013033942
companies decided to suspend shareholder dividend payments. In normal circumstances, this would be interpreted as a very …”, committing to cut their own pay following a dividend suspension. At issue is whether investors acted as if they updated their … matched to crisis management. We estimate an instrumental variables model in which the dividend suspension is used as an …
Persistent link: https://www.econbiz.de/10013212643
Purpose: This paper examines whether the characteristics of boards are more important in determining dividend policy … than management characteristics. We show that as the final declarers of dividend policy is a firm’s board, the composition … of a firm’s board significantly subsumes the effect of management characteristics that may also influence dividend policy …
Persistent link: https://www.econbiz.de/10013245082
investors, dividend payouts do not generally increase, mature firms do not pay higher dividends, but growing firms cut them down …
Persistent link: https://www.econbiz.de/10012831919