Business, Management and Accounting
4 years ago

Stronger minority shareholder rights lead to higher dividend payouts worldwide.

The Journal of Finance
Agency Problems and Dividend Policies around the World
Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer, Robert W. Vishny

Paper Summary

Related papers

Business, Management and Accounting
8 years ago

Banks' Ownership Influences Dividend Payouts of German Firms, Study Finds

Corporate Governance
Banking Finance
Tax Avoidance
Economics, Econometrics and Finance
3 years ago

Unraveling the Mystery of Dividend Policy: How Finance Shapes Payouts

Infrastructure Impact
Corporate Governance
2 views
Business, Management and Accounting
3 years ago

Company's Dividend Policy Directly Impacts Share Prices, Study Finds

Corporate Governance
Financial Management
Value-based Management
2 views

The article explores why companies pay dividends to their shareholders. One theory suggests dividends are paid because minority shareholders push company insiders to share profits. Another theory suggests insiders pay dividends to show they treat minority shareholders well. The study looked at 4,000 companies in 33 countries with different shareholder rights. The results support the idea that companies pay dividends because minority shareholders demand it.