search query: @indexterm COMPANY OWNERSHIP / total: 496
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Author: | Mancinelli, L. Ozkan, A. |
Title: | Ownership structure and dividend policy: evidence from Italian firms |
Journal: | European Journal of Finance
2006 : APR, VOL. 12:3, p. 265-282 |
Index terms: | agency theory company ownership costs dividend policy |
Language: | eng |
Abstract: | This article examines the relationship between dividend policy and the ownership structure of companies, using a sample of 139 public Italian companies. According to the author, the ownership in Italy is highly concentrated and hence there seems to be an agency problem arising from the conflicting interests of major and minority shareholders. The authors aim to test the rent extraction by relating the companys dividend payout ratio to different ownership variables. |
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