Corporate Governance and Dividend Policy in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Corporate Governance and Dividend Policy in Emerging Markets write by Todd Mitton. This book was released on 2005. Corporate Governance and Dividend Policy in Emerging Markets available in PDF, EPUB and Kindle. In a sample of 365 firms from 19 countries, I show that firms with stronger corporate governance have higher dividend payouts, consistent with agency models of dividends. In addition, the negative relationship between dividend payouts and growth opportunities is stronger among firms with better governance. I also show that firms with stronger governance are more profitable, but that greater profitability explains only part of the higher dividend payouts. The positive relationship between corporate governance and dividend payouts is limited primarily to countries with strong investor protection, suggesting that firm-level corporate governance and country-level investor protection are complements rather than substitutes.
Dividend Policy and Corporate Governance In Emerging Markets
Dividend Policy and Corporate Governance In Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy and Corporate Governance In Emerging Markets write by Alev Dilek Aydin. This book was released on 2015-09-22. Dividend Policy and Corporate Governance In Emerging Markets available in PDF, EPUB and Kindle. Dividend policy is one of the most frequently researched areas in the field of finance and dividend payout decision is an important element of corporate policy. The effect of ownership structure on the dividend policies of the non-financial firms attracts as much attention as has never before since the beginning of 1980s. Until this time, academicians and researchers have concentrated their efforts mostly on developed nations. However, as the world has become more globalized and as the emerging countries have received a higher proportion from the global equity investments, investors have also started to pay more attention to the dividend policies of emerging markets. This book aims to analyze the impact of various ownership structures on dividend policies of the selected non-financial corporations. Additionally, another aim is to investigate the dividend policies of emerging market economies. Finally, corporate governance has also a significant influence on dividend policy because companies with better governance mechanisms exhibit a stronger propensity to pay dividends in the form of larger dividends. From a different perspective, dividends are the result of good governance.
Dividend Policy and Corporate Governance
Dividend Policy and Corporate Governance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy and Corporate Governance write by Luis Correia da Silva. This book was released on 2004-02-26. Dividend Policy and Corporate Governance available in PDF, EPUB and Kindle. Dividends are not only a signal about a firm's prospects under asymmetric information, but they can also act as a corporate governance device to align the management's interests with those of the shareholders. Dividend Policy and Corporate Governance is the first comprehensive volume on the relationship between dividend policy and corporate governance, and examines in detail empirical studies and current theories. Reviewing the interactions between dividend policy and other corporate governance mechanisms, it compares results for the UK and the US with those for other countries such as France, Germany, and Japan, and provides new empirical evidence on corporate governance in continental Europe and its impact on dividends. Focusing on one of the main representatives of this system, Germany, it highlights major differences between the dividend policies of German firms and those of UK or US firms. Conventional wisdom states that German dividends are lower than UK or US dividends, yet on a published-profits basis the exact converse is true. In addition, the authors demonstrate a link between corporate control structures and dividend payouts, report evidence that the existence of a loss is an additional determinant of dividend changes, and demonstrate that the tax status of the controlling shareholder and the firm's dividend payout are not linked. The conclusions reached in this book have important implications for the current debate on corporate governance, making it invaluable for academics, finance professionals, regulators, and legal advisors.
Dividend Payout, Corporate Governance, and the Enforcement of Creditor Rights in Emerging Markets
Dividend Payout, Corporate Governance, and the Enforcement of Creditor Rights in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Payout, Corporate Governance, and the Enforcement of Creditor Rights in Emerging Markets write by Thomas G. O'Connor. This book was released on 2012. Dividend Payout, Corporate Governance, and the Enforcement of Creditor Rights in Emerging Markets available in PDF, EPUB and Kindle.
Dividend Payout and Corporate Governance in Emerging Markets
Dividend Payout and Corporate Governance in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Payout and Corporate Governance in Emerging Markets write by Thomas G. O'Connor. This book was released on 2012. Dividend Payout and Corporate Governance in Emerging Markets available in PDF, EPUB and Kindle.
