Dividends
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Signaling Safety
In this paper we revisit a classic idea in finance and economics, namely the hypothesis that dividend changes convey information about fi
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Shareholder Illiquidity and Firm Behavior: Financial and Real Effects of the Personal Wealth Tax in Private Firms
The interaction between household finance and corporate finance may be particularly strong in private firms.
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Tunneling Through Group Trademarks
A trademark is a type of intellectual property comprising a recognizable word, phrase, symbol, and/or design that distinguishes products
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Elective Stock and Scrip Dividends
Payout policy is an important component of a firm’s ability to maintain financial flexibility.
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Dividends and Taxes: The Moderating Role of Agency Conflicts
The relationship between dividends and taxes continues to be an open empirical question.
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Shareholder Conflicts and Dividends
Controlling shareholders may feel tempted to capture benefits for themselves at other shareholders’ expense.