Rajverma, Abhinav Kumar; Arrawatia, Rakesh; Misra, Arun … - In: Cogent economics & finance 7 (2019) 1, pp. 1-25
concentrated ownership. Dividend, leverage, and average cost of capital are inter-linked. However, family firms pay lower dividends …The article analyses inter-dependencies between dividend, capital structure, and cost of capital, factoring the …, consistent with family owners extracting rent from external minority shareholders. Additionally, these firms have high leverage …