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How corporate governance affects payout policy under agency problems and external financing constraints
16 references·16 citing·37 second hopsampled
How corporate governance affects payout policy under agency problems and external financing constraints (2009)How corporate governance affects payout p…The pecking order, debt capacity, and information asymmetry (2009)The pecking order, debt capac…What Matters in Corporate Governance? (2008)What Matters in Corporate Gov…Corporate governance and the value of cash holdings (2006)Corporate governance and the …Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Dividends, Share Repurchases, and the Substitution Hypothesis (2002)Dividends, Share Repurchases,…Why Do Firms Repurchase Stock? (2000)Why Do Firms Repurchase Stock?Information asymmetry, valuation, and the corporate spin-off decision (1999)Information asymmetry, valuat…Corporate Cash Reserves and Acquisitions (1999)Corporate Cash Reserves and A…Agency Problems and Dividend Policies Around the World (1998)Agency Problems and Dividend …Dynamic Capital Structure Under Managerial Entrenchment (1995)Dynamic Capital Structure Und…The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Free Cash Flow and Stockholder Gains in Going Private Transactions (1989)Free Cash Flow and Stockholde…Two Agency-Cost Explanations of Dividends (1984)Two Agency-Cost Explanations …Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)GROWTH, BETA AND AGENCY COSTS…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Does central environmental protection inspection improve corporate environmental, social, and governance performance? Evidence from China (2022)Does central environmental pr…Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value (2018)Stock return and financial pe…The value of corporate financial flexibility in emerging countries (2015)The value of corporate financ…How relevant is dividend policy under low shareholder protection? (2015)How relevant is dividend poli…Corporate governance and financial policies (2015)Corporate governance and fina…The behavioral foundations of corporate dividend policy a cross-country analysis (2014)The behavioral foundations of…Dividend policy, managerial ownership and debt financing: A non-parametric perspective (2014)Dividend policy, managerial o…Legal shareholder protection and corporate R&D investment (2013)Legal shareholder protection …DIVIDEND POLICY: BALANCING SHAREHOLDERS' AND CREDITORS' INTERESTS (2013)DIVIDEND POLICY: BALANCING SH…Corporate governance and payout policy: Evidence from Korean business groups (2013)Corporate governance and payo…Do Family Firms Use Dividend Policy as a Governance Mechanism? Evidence from the Euro zone (2012)Do Family Firms Use Dividend …Shareholder governance, bondholder governance, and managerial risk-taking (2010)Shareholder governance, bondh…Patterns in payout policy and payout channel choice (2010)Patterns in payout policy and…Firm survival and financial development: Evidence from a panel of emerging Asian economies (2010)Firm survival and financial d…Earned/contributed capital, dividend policy, and disclosure quality: An international study (2010)Earned/contributed capital, d…Expropriation of Minority Shareholders and Payout Policy (2009)Expropriation of Minority Sha…Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Dividend Policy, Growth, and the Valuation of Shares (1961)Additional evidence on equity ownership and corporate value (1990)Agency costs of free cash flow, corporate finance, and takeovers (1996)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Agency Problems and the Theory of the Firm (1980)Efficient Capital Markets: II (1991)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Law and Finance (1998)Investor protection and corporate governance (2000)Investor Protection and Corporate Valuation (2002)The Economic Consequences of Legal Origins (2008)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Capital Structure Puzzle (1984)Common risk factors in the returns on stocks and bonds (1993)Corporate governance and firm cash holdings in the US (2007)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)The Cash Flow Sensitivity of Cash (2004)Over-investment of free cash flow (2006)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does governance travel around the world? Evidence from institutional investors (2010)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 1998Agency Problems and Dividend Policies Around the World3,179 cited
  • 1984Two Agency-Cost Explanations of Dividends3,109 cited
  • 2008What Matters in Corporate Governance?2,903 cited
  • 2006Corporate governance and the value of cash holdings2,135 cited
  • 1999Corporate Cash Reserves and Acquisitions2,066 cited
  • 1982GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS1,728 cited
  • 2002Dividends, Share Repurchases, and the Substitution Hypothesis1,467 cited
  • 1989Free Cash Flow and Stockholder Gains in Going Private Transactions1,097 cited
  • 2000Why Do Firms Repurchase Stock?933 cited
  • 1999Information asymmetry, valuation, and the corporate spin-off decision836 cited
  • 2009The pecking order, debt capacity, and information asymmetry600 cited

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  • 1995Dynamic Capital Structure Under Managerial Entrenchment552 cited
  • Cited by

    • 2018Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value166 cited
    • 2012Do Family Firms Use Dividend Policy as a Governance Mechanism? Evidence from the Euro zone152 cited
    • 2022Does central environmental protection inspection improve corporate environmental, social, and governance performance? Evidence from China134 cited
    • 2010Earned/contributed capital, dividend policy, and disclosure quality: An international study112 cited
    • 2010Patterns in payout policy and payout channel choice103 cited
    • 2013Legal shareholder protection and corporate R&D investment88 cited
    • 2015How relevant is dividend policy under low shareholder protection?88 cited
    • 2014The behavioral foundations of corporate dividend policy a cross-country analysis86 cited
    • 2015Corporate governance and financial policies84 cited
    • 2009Expropriation of Minority Shareholders and Payout Policy83 cited
    • 2014Dividend policy, managerial ownership and debt financing: A non-parametric perspective81 cited
    • 2010Shareholder governance, bondholder governance, and managerial risk-taking81 cited
    • 2010Firm survival and financial development: Evidence from a panel of emerging Asian economies81 cited
    • 2013Corporate governance and payout policy: Evidence from Korean business groups74 cited
    • 2013DIVIDEND POLICY: BALANCING SHAREHOLDERS' AND CREDITORS' INTERESTS73 cited
    • 2015The value of corporate financial flexibility in emerging countries70 cited