Download e-book for iPad: Dividend Policy and Corporate Governance by Luis Correia da Silva,Marc Goergen,Luc Renneboog

By Luis Correia da Silva,Marc Goergen,Luc Renneboog

Dividends should not just a sign a couple of firm's clients less than uneven info, yet they could additionally act as a company governance gadget to align the management's pursuits with these of the shareholders. Dividend coverage and company Governance is the 1st accomplished quantity at the courting among dividend coverage and company governance, and examines intimately empirical reviews and present theories. Reviewing the interactions among dividend coverage and different company governance mechanisms, it compares effects for the united kingdom and the USA with these for different international locations equivalent to France, Germany, and Japan, and offers new empirical proof on company governance in continental Europe and its effect on dividends. concentrating on one of many major representatives of the program, Germany, it highlights significant alterations among the dividend regulations of German companies and people of united kingdom or US agencies. traditional knowledge states that German dividends are below united kingdom or US dividends, but on a published-profits foundation, the precise speak is correct. additionally, the authors show a hyperlink among company regulate buildings and dividend payouts, document proof that the life of a loss is an extra determinant of dividend adjustments, and show that the tax prestige of the controlling shareholder and the firm's dividend payout usually are not associated. The conclusions reached during this publication have vital implications for the present debate on company governance, making it beneficial for teachers, finance execs, regulators and criminal advisors.

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Dividend Policy and Corporate Governance by Luis Correia da Silva,Marc Goergen,Luc Renneboog

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Download e-book for iPad: Dividend Policy and Corporate Governance by Luis Correia da Silva,Marc Goergen,Luc Renneboog
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