Ownership concentration and dividend policy in Japan

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Determinants of dividend policy: evidence from an emerging and developing market (2019, background): “(2012), Kuzucu (2015), Boţoc and Pirtea (2014), Turner et al.”
Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics (2017, unknown): “…2009; Borokhovich et al., 2013; Ghasemi et al., 2013), existing studies examining the effect of corporate governance on dividend pay-out are rare (How et al., 2008; Ghosh & Sirmans, 2006; Zhang, 2008; Al-Najjar & Hussainey, 2009; Harada & Nguyen, 2011; Jiraporn et al., 2011; Litai et al., 2011).”
An Analysis of Corporate Social Responsibility and Firm Performance with Moderating Effects of CEO Power and Ownership Structure: A Case Study of the Manufacturing Sector of Pakistan (2019, background): “Ownership concentration is explained as the ratio concentration of the top ﬁve shareholders [49,136,159], while managerial ownership is represented as a proportion of shares held by managers [128,129,160].”
Ownership Structure and Dividend Policy: Evidence from Thailand (2012, background): “Examining dividend policy of Japanese firms, Harada and Nguyen (2011) demonstrate that firms with higher ownership concentration pay lower dividends and are less likely to raise dividends when earnings increases or debt decreases.”