Managerial Entrenchment and Payout Policy

By Aidong Hu, Praveen Kumar. Journal of Financial and Quantitative Analysis, 2004

318 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d12ae95fe40d250dea379db90732f6e1435351cc

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Citations in the corpus

Do Managerial Motives Impact Dividend Decisions in REITs? (2006, background): “Our paper is closest in spirit to Hu and Kumar (2004). These authors report significantly positive”
Equity or Debt Financing: Does Good Corporate Governance Matter? (2012, unknown): “Hu and Kumar (2004) argue that governance problems are more severe for small firms because there is less monitoring of these firms by financial market institutions.”
The effect of financial reporting quality on corporate dividend policy (2017, unknown): “Prior research examining other governance mechanisms finds support for both the outcome view (e.g., La Porta et al. 2000; Fenn and Liang 2001; Michaely and Roberts 2012) and the substitute view (e.g., Rozeff 1982; Hu and Kumar 2004; John et al. 2015).”
Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics (2017, unknown): “Meanwhile the continuous public interest and discussions surrounding board mechanisms supports the idea that corporate board features (Hu & Kumar, 2004; Ozkan & Mancinelli, 2006; Ghosh & Sirmans, 2006; How et al., 2008; Al-Najjar & Hussainey, 2009; Al-Matari et al., 2012; Karim, Zijl & Mollah,…”
CEO Power, Government Monitoring, and Bank Dividends (2016, background): “10 Iannotta et al. (2013) find that government-owned banks face strong political pressure and may pursue objectives different from profit maximization. During election years, government-owned banks display higher lending growth and lower profitability than private banks. Higher lending growth is con”
Payout Policy, Agency Conflicts, and Corporate Governance (2006, unknown): “…influenced by various firm characteristics, including taxes, financial flexibility demands (Jagannathan, Stephens, and Weisbach, 2000), information asymmetry, option-based executive compensation (Fenn and Liang, 2001; Hu and Kumar, 2004), high leverage, and the quality of investment opportunities.”
The impact of board gender composition on dividend payouts (2017, background): “…governance role of the board of directors to be more important whereas for the former we expect the advisory role to be more important.2 We also expect insider directors of non-technology firms to be more entrenched than those of technology firms (Anderson et al., 2000; Ittner et al., 2003).”