How foreign and institutional directorship affects corporate dividend policy
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONAquest recurs és restringit
http://www.tandfonline.com/doi/full/10.1080/10293523.2016.1253136?needAcces ... |
Metadades
Títol
How foreign and institutional directorship affects corporate dividend policyData de publicació
2016-12-08Editor
Taylor & FrancisCita bibliogràfica
PUCHETA MARTÍNEZ. María Consuelo; LÓPEZ ZAMORA, Blanca. How foreign and institutional directorship affects corporate dividend policy. Investments Analysts Journal (2016), online, pp. 1.17Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://www.tandfonline.com/doi/full/10.1080/10293523.2016.1253136?needAccess=trueParaules clau / Matèries
Resum
The aim of this study is to examine how board composition affects dividend policies. Concretely, we analyse the effect of institutional directors on boards, also differentiating between pressure-sensitive and pressu ... [+]
The aim of this study is to examine how board composition affects dividend policies. Concretely, we analyse the effect of institutional directors on boards, also differentiating between pressure-sensitive and pressure-resistant institutional directors. Furthermore, the impact of foreign directors is also examined. The findings show that institutional and foreign directors on boards affect dividend policies positively, suggesting that these directors are more likely to mitigate agency costs. Additionally, the results report the relevant monitoring role that pressure-sensitive directors play, since they impact positively on dividend policies, while pressure-resistant directors show no effect. Thus, institutional directors should not be considered as a uniform group. [-]
Publicat a
Investments Analysts Journal (2016), onlineDrets d'accés
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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