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reduce the dividend payout and increase the use of share repurchases …
Persistent link: https://www.econbiz.de/10013048292
reduce the dividend payout and increase the use of share repurchases …
Persistent link: https://www.econbiz.de/10013052480
Using data on listed banks in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative … strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …
Persistent link: https://www.econbiz.de/10012985920
Using data on listed bankes in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative … strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …
Persistent link: https://www.econbiz.de/10012993593
This study addresses the debate over the relation between institutional ownership and dividend payout through the lens … conditioning on firms' financial performance, they will use dividend payout to mitigate the firms' agency problems. We find the … ownership and dividend payout ratio; (2) the positive relation is more salient when the firm has high agency costs; and (3) the …
Persistent link: https://www.econbiz.de/10013046117
The paper analyzes whether nonfinancial firms as large blockholders of the Brazilian firm shape dividend policy. Under … predicted by the Managerial Power Hypothesis. In this context, the Management Monitoring Hypothesis proposes that dividend … policy may be used as a management control mechanism given that dividend distribution affects the free cash flow available …
Persistent link: https://www.econbiz.de/10012921610
We investigate the association between dividend policy and government shareholding, using Malaysian data. We … hypothesize a positive association. We contribute to the literature about dividend policy. Unique features of our study include … adaptations to the Malaysian institutional setting, with respect to usage of dividend relevance theory, research methodology, and …
Persistent link: https://www.econbiz.de/10012631872
We examine the association between ownership structure and dividend payout policy in a family firms dominated economy …. More specifically, we test whether family firms pay higher dividend compared to counter non-family firms in Bangladesh. We … argue that family firms are more likely to pay higher dividend to display lower agency problems between controlling family …
Persistent link: https://www.econbiz.de/10013289115
's dividend policy. When dividend-averse individuals collectively hold a majority stake in a dispersed ownership structure, a … dividend-seeking blockholder might be compelled to propose lower dividends than the tax-optimum to dominate the zero-dividend …
Persistent link: https://www.econbiz.de/10013037504
This paper examines the impacts of dividend policy and ownership structure on stock price volatility in the Vietnamese … market. The study also tests for the moderating effect of foreign/state ownership on the dividend policy–price volatility … robust results indicate that dividend yield mitigates stock price volatility in the emerging market of Vietnam. The price …
Persistent link: https://www.econbiz.de/10012849579