Corporate Governance and Dividend Pay-out Policy in Germany

By Klaus Gugler, B. Yurtoglu. 2003

514 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/4b098c34ccd2fc212367916f89124ae6752ff0d3

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In Accounting

1. Katherine Schipper
2. H. A. Al-Malkawi
3. P. Nguyen
4. Christopher Maldajian
5. Rim El Khoury
6. Jennifer Francis
7. Dennis C. Mueller
8. Klaus Gugler

In Economics and Econometrics

1. H. A. Al-Malkawi
2. P. Nguyen
3. Kimie Harada
4. J. Abor
5. V. Fiador
6. T. Truong
7. Richard Heaney
8. Klaus Gugler

Citations in the corpus

• Ownership concentration and dividend policy in Japan (2011, background): “The alternative hypothesis is that ownership concentration facilitates the rent extraction by dominant shareholders whose preferences are consequently in favor of a lower payout (Shleifer and Vishny, 1997; Faccio et al., 2001; Gugler and Yurtoglu, 2003).”
• How relevant is dividend policy under low shareholder protection? (2015, unknown): “Gugler (2003) finds that in Austria, these two shareholder types induce the two most extreme changes in dividend patterns.”
• Dividend Policy and Firm Performance: A Study of Listed Firms in Nigeria (2012, result): “Consequently, this result corroborates the propositions of Shleifer & Vishny (1986), Gugler & Yurtoglu (2003), Kouki & Vol. 11, No. 3450 Guizani (2006), Kumar (2003), Holder et al. (1998).”
• Factors Influencing Corporate Dividend Decision: Evidence from Jordanian Panel Data (2008, background): “A large body of research has reported a negative association between debt and dividends (see, for instance, Jensen et al., 1992, Agrawal and Jayaraman, 1994, and Gugler and Yurtoglu, 2003).”
• Determinants of the Dividend Policy in Emerging Stock Exchanges: The Case of GCC Countries (2009, unknown): “(1992), Han et al. (1999) and Fama and French (2000).”
• Controlling shareholders, agency problems, and dividend policy in Finland (2002, background): “Gugler and Yurtoglu (2001) claim that dividend payouts decrease with an increase in the control stake of the largest shareholder, whereas the size of the second largest shareholder is positively related to dividend payouts.”
• Complex Ownership and Capital Structure (2012, unknown): “Mangers may not always make valuemaximizing capital structure decisions because the interests between managers and shareholders are not fully aligned and atomic shareholders have low incentives to monitor (Jensen and Meckling (1976)).”
• Real Earnings Management and Accrual-based Earnings Management in Family Firms (2014, background): “In a study of the association between ownership structure and dividend payout, Gugler and Yurtoglu (2003) find, for example, that larger holdings of the largest owner in Germany (often associated with the founding family) reduce the dividend–payout ratio in order to expropriate small shareholders…”
• Does corporate governance explain dividend policy in Sub‐Saharan Africa? (2013, background): “The major conflict in the governance of companies, accordingly, appears to be between powerful managers and small outside shareholders (Gugler and Yurtoglu, 2003).”