Details

Multi-level Governance


Multi-level Governance



von: Edited By Ian Bache And Matthew Flinders

325,61 €

Verlag: OUP Oxford
Format: PDF
Veröffentl.: 26.02.2004
ISBN/EAN: 9780191531811
Sprache: englisch
Anzahl Seiten: 252

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

Dividends are not only a signal about a firm's prospects under asymmetric information, but they can also act as a corporate governance device to align the management's interests with those of the shareholders. Dividend Policy and Corporate Governance is the first comprehensive volume on the relationship between dividend policy and corporate governance, and examines in detail empirical studies and current theories. Reviewing the interactions between dividend policy and other corporate governance mechanisms, it compares results for the UK and the US with those for other countries such as France, Germany, and Japan, and provides new empirical evidence on corporate governance in continental Europe and its impact on dividends. Focusing on one of the main representatives of this system, Germany, it highlights major differences between the dividend policies of German firms and those of UK or US firms. Conventional wisdom states that German dividends are lower than UK or US dividends, yet on a published-profits basis the exact converse is true. In addition, the authors demonstrate a link between corporate control structures and dividend payouts, report evidence that the existence of a loss is an additionaldeterminant of dividend changes, and demonstrate that the tax status of the controlling shareholder and the firm's dividend payout are not linked. The conclusions reached in this book have important implications for the current debate on corporate governance, making it invaluable for academics, finance professionals, regulators, and legal advisors.

Diese Produkte könnten Sie auch interessieren:

Die verschwundene Schwester
Die verschwundene Schwester
von: Lucinda Riley
EPUB ebook
17,99 €
Von hier bis zum Anfang
Von hier bis zum Anfang
von: Chris Whitaker
EPUB ebook
18,99 €
Die Studentin
Die Studentin
von: Tess Gerritsen, Gary Braver
EPUB ebook
11,99 €