Corporate governance, life cycle, and payout precommitment: An emerging market study
نویسندگان
چکیده
منابع مشابه
Payout policy, agency conflicts, and corporate governance
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: Journal of Financial Research
سال: 2021
ISSN: 0270-2592,1475-6803
DOI: 10.1111/jfir.12238