Dividends

Working Paper

Say-on-Dividend

Most listed firms have concentrated ownership structures. However this ownership type is problematic. A clinical analysis reveals that the corporate governance in these firms in terms of liability, voice and exit faces important design problems....Read more

María Gutiérrez Urtiaga
01 February 2015

The Stability of Dividends and Wages: Effects of Competitor Inflexibility

We analyze how industry-wide risks are shared between firms' employees and their owners. Focusing on the electricity industry, we study firms which are subject to similar risks but use different production technologies. We document that firms are...Read more

Daniel A. Rettl
Alex Stomper
Josef Zechner
14 June 2018

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