Blockholder dispersion and firm value
نویسندگان
چکیده
منابع مشابه
Blockholder Ownership, Dividends and Firm Value
Blockholder ownership may increase firm value because of incentive alignment or lower it because of expropriation of minority investors. Dividend policy provides a way to distinguish between the two effects since large owners may prefer low dividends if they derive private benefits from controlling firms, while minority investors may prefer high dividends that benefit all shareholders. I examin...
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ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2011
ISSN: 0929-1199
DOI: 10.1016/j.jcorpfin.2011.06.005