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 …

Tax codes regularly create conflicts of interests between small and large shareholders with respect to the payout … shareholders. Based on an extensive data set covering 3,944 European firms over the 1999-2008 period, we find that payout behavior … preferences of minority shareholders are more likely to be partially reflected in the payout decision. Our results are stable …

.S. But we argue that outside investors in European listed firms with controlling shareholders are poorly protected compared … shareholders rather than shielding passive investors, is not well suited for controlled, listed firms. This approach translates … into a lack of definition and development of specific fiduciary duties of the controlling shareholders towards market …

expropriation hypothesis predicts that dual-class firms pay out less to shareholders because entrenched managers want to maximize … dual-class firms pay out more to shareholders because firms use corporate payouts as a pre-commitment device to mitigate … agency costs. Our results support the pre-commitment hypothesis. Dual-class firms have higher cash dividend payments and …

This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend … following the crisis, dividend payouts increase in proportion to pyramidal debt of dominant owners. We inspect pyramidal …

This paper focuses on dominant owners' use of leverage to finance their blockholdings and its relationship to dividend … following the crisis, dividend payouts increase in proportion to pyramidal debt of dominant owners. We inspect pyramidal …

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 …

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 …

understand the importance of ownership structure and how it affects firms’ dividend payout policy that serves shareholders …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 …

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 …