Kim, Hyo; Jo, Hoje; Yoon, Soon - In: Review of Quantitative Finance and Accounting 41 (2013) 2, pp. 203-224
This study examines how share repurchase and dividend policies are influenced by controlling shareholders in an … emerging market. We maintain that the controlling shareholders can utilize share repurchase opportunistically, particularly … utilize share repurchases as a means to pursue private benefits of the controlling shareholders. We also document that share …