hampers raising funds from dispersed shareholders. This trade-off yields the described U-shape relationship …

-specific determinants of dividend payout probabilities. Only the largest shareholders with equity stakes that are either between 25% and 50 …% or above 50% rank among the most important variables. The impact is non-linear. When controlling for shareholders …

We study the empirical determinants of corporate ownership dynamics in a market where large shareholders are prevalent …

the relationship between the distribution of ownership among large shareholders and firm value has been non-conclusive and … contradictory. We focus on the interaction between a controlling block of shareholders and a non-controlling block that can monitor … additional blockholders that can monitor the largest controlling block of shareholders. The first concerns the incentives of the …

for Taiwan, comprising a high proportion of world tourist arrivals to Taiwan, are Japan and USA, which are sources of … international tourist arrivals, daily data from 1 January 1990 to 31 December 2008 are used to model the world price and US$ - New … Taiwan $ and Yen - New Taiwan $ exchange rates, and tourist arrivals from the world, USA and Japan to Taiwan, as well as …