few families. These business groups are often organised around a holding company. We analyse the dividend payouts of … the effects of several control-enhancing mechanisms (CEMs) on dividend payouts. We use precise quantitative proxies for … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …

Departing from the traditional cash flow rights-dividend policy framework, this study investigates whether the level of … their cash dividend policy. We find that the level of control rights is positively associated with both the propensity to … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use …

, the analysis of dividend adjustments indicates that firms with concentrated ownership are less likely to increase … dividend policy to remove excess cash and impose greater financial discipline. Instead, the results highlight the diverging …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. In line with the … agency model, we find a negative relation between family control and dividend payouts at low and high levels of control. We …

In this article, we investigate the possible association between the firm's ownership structure and dividend policy and … whether the corporate governance (CG) practices adopted by the firm have any impact on dividend policy. In India the presence … significantly different approach to dividend policy compared to non-family-run companies. The use of debt by firms in their capital …

minority shareholders extract dividend from the firms as an outcome of legal protection in a manner that mitigates problem of … expropriation by corporate insiders . Consequentially the firms follow a stable dividend policy catering to the needs of the … investors with a favourable valuation implication. Overall our study highlights that the dividend policy of Singapore firms …