, higher dividend payout, lower foreign income, and higher closely held ownership. Further analysis provides evidence …

This paper examines the response of private firms and their shareholders to a dividend tax increase, which affects only … response, if corporate minority shareholders are financially distressed, own a minority stake in a firm with a high dividend … a small group of shareholders. Using an exogenous shock in Germany, my results suggest that firms do not adjust their …

I examine whether and to what extent tax uncertainty affects a firm's dividend payouts. Based on the argument that tax … uncertainty exhibit a lower probability of dividend payouts. The effect of tax uncertainty is stronger in the presence of … negative effect of tax uncertainty on dividend levels, which is moderated by the costs of dividend reductions. These results …

Vergleich zu einer Dividende vorteilhaft auf die Vermögensposition der Aktionäre auswirkt. Die Abschätzung der quantitativen … period. Prior to that point of time stock owners preferred profit distributions by share repurchase instead of a dividend due … examines the wealth of stock owners when a firm distributes earnings by dividend or share repurchase instead. The results …

In the last three decades, corporate governance and reporting have been confronted to a drift toward shareholders … and the business firm, based upon the distinction between shareholders' income and equity from income and equity to the … or controlling blockholders) to the detriment of other stakeholders, including outsider shareholders, and the continuity …

of the empirical literature shows that dividend payout ratios are lower in firms with controlling shareholders. We … dividend policy to expropriate minority shareholders …This Article investigates the determinants of dividend policy in firms with concentrated ownership structure. A review …

winning majority support of shareholders influences the relation between a blockholder's monitoring incentive and a firm …'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 …

more cash; (2) when they have excess cash, they invest less and pay out more to shareholders; and (3) they are more likely …

pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use … firms' cash dividend policy. The difference might stem from the historical nature of these ultimate controlling shareholders …Departing from the traditional cash flow rights-dividend policy framework, this study investigates whether the level of …