Corporate governance, dividend payout policy, and the interrelation between dividends, R&D, and capital investment

By Klaus Gugler. 2003

466 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a41b3c41037b6063637cd3189b6e7c4f139c1f10

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Citations in the corpus

Do the Type and Number of Blockholders Influence R&D Investments? New evidence from Spain (2007, background): “Gugler (2003) also showed that bank-controlled firms exhibit low pay out ratios, which are inversely related to R&D investments.”
Corporate governance and financial performance: The role of ownership and board structure (2018, background): “For example, Gugler (2003) reports that, in Austria, companies that are controlled by the state tend to pay higher dividends than private firms do.”
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.”
Largest shareholder and dividend policy around the world (2007, background): “Few studies have examined the effect of the largest shareholder on dividend policy, and these studies are largely single country-based, including Gugler (2003) for Austrian firms and Correia Da Silva, Goergen, and Renneboog (2004) for German firms.”
CEO Power, Government Monitoring, and Bank Dividends (2016, background): “The results for our 2SL S and 3SL S regressions suggest that government monitoring decreases payout ratios, contrary to what is argued by Gugler (2003) .”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “(2014) Retained earnings Asymmetric information between shareholders Demand FB/NFB Colombia Gugler (2003) Retained earnings Asymmetric information between shareholders and managers Demand FB/NFB Austria Hakim, Lypny, and Bhabra (2012) Equity Asymmetric information between shareholders Supply FB/NFB ”
Ownership Structure and Cash Flows as Determinants of Corporate Dividend Policy in Pakistan (2010, unknown): “Since dividend payout is the widely used proxy for dividend policy, almost every financial researcher has used payout as a proxy for corporate dividend policy (See for example Gugler, 2003; Reddy and Rath, 2005; Papadopoulos, 2007; Al-Malkawi, 2007; Ahmed & Attiya, 2009).”
Do Family Firms Use Dividend Policy as a Governance Mechanism? Evidence from the Euro Zone (2012, background): “Subsequent studies that investigate companies’ dividend decisions propose similar models (Andres et al., 2009; Brav et al., 2005; Fama & French, 2002; Gugler, 2003; Michaely & Roberts, 2012).”
Does corporate governance explain dividend policy in Sub‐Saharan Africa? (2013, background): “The few empirical studies on corporate governance and dividend policy have focused on non-African firms (Short et al., 2002; Gugler, 2003; Gugler and Yurtoglu, 2003; Farinha, 2003; Knyazeva, 2007), making it important to also understand the issue from an African perspective, considering that corpora”
The Global Financial Crisis, Family Control, and Dividend Policy: The Global Financial Crisis, Family Control, and Dividend Policy (2016, unknown): “For instance, prior work shows that family firms tend to pay lower dividends than nonfamily firms in Austria (Gugler, 2003), Germany (Gugler and Yurtoglu, 2003), Hong Kong1 (Chen, Cheung, Stouraitis, and Wong, 2005), and the U.”