haku: @indexterm dividend policy / yhteensä: 136
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Tekijä:Farinha, J.
Otsikko:Dividend policy, corporate governance and the managerial entrenchment hypothesis: an empirical analysis
Lehti:Journal of Business Finance and Accounting
2003 : NOV/DEC, VOL. 30:9/10, p. 1173-1209
Asiasana:Agency theory
Corporate governance
Dividend policy
United Kingdom
Kieli:eng
Tiivistelmä:The agency explanation for the cross-sectional variation of corporate dividend policy are analysed in the UK by looking at the managerial entrenchment hypothesis drawn from the agency literature. Consistent with what was predicted, a significatn U-shaped relationship between dividend payout ratios and insider ownership was observed for a large sample of UK companies and two distinct periods.
SCIMA tietueen numero: 256217
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