منابع مشابه
Agency Conflicts Around the World∗
We use a dynamic model of of financing decisions to measure agency conflicts at the firm level for a large panel of 12,652 firms from 14 countries. Our estimates show that agency conflicts are large and vary significantly across firms and countries. Differences in agency conflicts are largely due to differences in firm-level governance, ownership concentration, and other firm characteristics. T...
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The 11th World Congress on Sarcoidosis and Other Granulomatous Disorders was held in the University of Milan in September 1987. It attracted 400 participants from 30 countries who enjoyed 96 communications and 148 poster presentations proof that research in these fascinating disorders is very much alive and kicking. The sarcoid granuloma is a battlefield between invading antigen and the cellula...
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We examine the effect of corporate governance on the use of dividends and repurchases, composition of payout, and inclusion of a pre-commitment feature in the payout policy. We find that dividend payout is decreasing in governance quality. Corporate governance has a mixed effect on repurchases: good external governance prompts managers to repurchase more and to use repurchases as the only form ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2630018