price and earnings per share. Our goal is to provide financial executives, investment analysts, and shareholders with a …', analysts' and shareholders' understanding of share repurchases as an increasingly important financial management and valuation …

This paper studies the payout policy of Italian firms controlled by large majority shareholders (controlled firms). The … controlling shareholders have strong incentives to expropriate minority shareholders, tend to prefer dividends over repurchases …

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 …

shareholders? Or are dividends a substitute for legal protection? In the pre-1977 low-legal protection Brazilian market, growing …

suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …

suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …

voting minority shareholders, we examine whether giving minority shareholders increased control over corporate decisions … fund ownership. There is also weak evidence that minority shareholders are more likely to veto value-decreasing equity … that in weak investor protection countries, the effect of granting minority shareholders increased control over corporate …