Showing 81 - 90 of 69,096
Using the Banzhaf index as a proxy for voting power, this paper investigates the relative importance of the size of equity ownership and voting power of large shareholders in influencing corporate policy regarding cash dividends and share repurchase. Our empirical findings indicates that...
Persistent link: https://www.econbiz.de/10013153186
, as compared to their conservative counterparts, pay less attention to shareholders and this is reflected in dividend … dividend payouts. In contrast, conservative CEOs pay more dividends, even if this requires redundancies …
Persistent link: https://www.econbiz.de/10012843632
We address the mixed empirical findings on how corporate governance affects dividend payout policy by analyzing a large … rights. In addition, we find that when shareholder rights index is high, firm-level governance is unrelated to dividend …, creditors' rights, alternative measures of dividend payout, the hierarchical modeling technology, and approaches to address …
Persistent link: https://www.econbiz.de/10012953190
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 …
Persistent link: https://www.econbiz.de/10012893550
cash dividend policy and the strength of corporate governance measured by contractual governance provisions, such as … model of dividend determination. Specifically, we document that firms with weaker governance pay out more cash dividends …
Persistent link: https://www.econbiz.de/10012897060
This study examines the dividend policy behavior of Islamic and conventional banks operating in Arab markets. These … agency model of dividends for Islamic banks, and Islamic banks use the dividend policy as a substitute mechanism for …
Persistent link: https://www.econbiz.de/10012935920
This paper investigates whether female independent directors are more likely to impose high dividend payouts. We find … evidence that firms with a larger fraction of female directors on their board have greater dividend payouts. This finding is … robust to alternative econometric specifications, and alternative measures of dividend payouts. The positive effect of gender …
Persistent link: https://www.econbiz.de/10012967862
This study investigates the effect of family firm on corporate performance and financial policy (capital structure, cash holding, and cash dividends). Using a sample of Brazilian firms, the study uses a treatment effect model to address self-selection and endogeneity problems. The results show...
Persistent link: https://www.econbiz.de/10012970613
This paper compares the dividend policy of owner-controlled firms with that of firms where the owners are a minority …-owners control the firm, the strong stakeholder uses the dividend payout decision to mitigate rather than to intensify the conflict … structure, the more the actual agency cost is reduced by the strong stakeholder's dividend payout decision. These findings are …
Persistent link: https://www.econbiz.de/10012974448
We investigate the role of CEO power and government monitoring on bank dividend policy for a sample of 109 European … CEO turnover. We show that CEO power has a negative impact on dividend payout ratios and on performance, suggesting that …
Persistent link: https://www.econbiz.de/10013010349