corporate ownership is highly concentrated, it is necessary to devote special attention to blockholders and to differentiate the … between blockholders and the percentage of independents while insiders’ ownership is only significant if one looks at the …

This paper contributes to understanding corporate governance issues in emerging economies by examining how blockholders … of outside blockholders controlling at least 5 percent of total equity of the firm. We analyze the role played by these …, then slopes upward. Empirical results on ownership concentration by minority blockholders do not support the monitoring …

blockholders and liquidity persists is that with turnover. Thus, it appears that blockholders decrease liquidity. We find that …

and US firms. We estimate partial adjustment models and report two major findings. First, German firms base their dividend … more flexible dividend policies as they are willing to cut the dividend when profitability is only temporarily down. …

target payout ratio. We find that German firms do not base their dividend decisions on published earnings, but on cash flows … their dividend policy whereas German are more willing to cut the dividend in the wake of a temporary decrease in ….e., frequent annual small adjustments in the dividend per share) observed in the US and the UK. …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …

This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax … preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the … concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling …

We develop a model of the dynamic interaction between CEO overconfidence and dividend policy. The model shows that an … current dividend payout. Consistent with the main prediction, we find that the level of dividend payout is about one … magnitude of the positive market reaction to a dividend-increase announcement is higher for firms with greater uncertainty about …

Using seventeen observable demographic characteristics, we investigate the impact of six CEO profiles on dividend … policy. Firms headed by married, Republican, Christian CEOs with children maintain higher dividend yields and are more likely … to considerably increase their dividend payout. Following substantial dividend hikes, firms led by CEOs with these more …

The purpose of dividend policy, promoted by a joint-stock company may be: building trust and forming a true business … dividend policy to those five Romanian Financial Investment Companies in the period 2006-2012, through a series of specific … indicators such as: dividend per share, dividend growth rate, dividend distribution rate, dividend yield, earnings per share …