By exploring a natural experiment where the Chinese regulatory body introduced a dividend regulatory change, this paper … investigates wealth effects of dividend regulation which increases firms' dividends. The efficient contract viewpoint of dividends … suggests that the observed dividend level is associated with firm value maximization. This viewpoint predicts that any dividend …

did not provide the foundation for the unwinding of family ownership what did? This paper argues that the dividend policy …

We exploit a feature in Brazilian regulation that requires firms to pay a minimal dividend (depending on the firm … variables influenced the firms in the second of these groups to pay higher dividends, analyzing a sample of 1118 dividend …

, property and control structures in Chile, Brazil, Mexico and East Asia. Also, the role of pension funds in Chilean corporate …

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 …

in determining the dividend policy in Brazil, which is harmful for minority shareholders …The paper aims to analyze, under the Agency Theory framework, whether ownership concentration has effects on dividend … reducing the dividend distribution as predicted by the expropriation hypothesis. For an unbalanced data panel, composed of 2 …

This study analyzes the firm-specific factors affecting the dividend payout decisions of the companies whose shares are …–Bover/Blunder-Bond two-step system generalized method of moments, a statistically significant positive effect on dividend payout was found in … the relationship between the dividend payout of the previous year, the company’s return on equity and the market value …

substantial stakes, dividend payout behavior has not changed in the aftermath of the GTRA enactment. This effect does not depend … the dividend policy is strongly driven by corporate insiders …

This paper explores the relationship between employee rights and dividend policy across countries. Using labor right … index as a proxy for agency costs of employees, we test the association between labor rights and dividend policies across … dividend payment amounts. This relationship is reinforced to be more salient in civil countries where shareholder rights are …