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Description
  • Using cross-sectional analysis of corporate dividend policy we show that large shareholders extract rents from firms and expropriate minority shareholders in the weak corporate governance environment of an emerging economy. By comparing dividends paid across varying corporate ownership structures - concentration, type, and domicile of ownership - we quantify these effects and reveal that they are substantial.
  • Using cross-sectional analysis of corporate dividend policy we show that large shareholders extract rents from firms and expropriate minority shareholders in the weak corporate governance environment of an emerging economy. By comparing dividends paid across varying corporate ownership structures - concentration, type, and domicile of ownership - we quantify these effects and reveal that they are substantial. (en)
Title
  • Rent extraction by large shareholders: evidence using dividend policy in the Czech Republic
  • Rent extraction by large shareholders: evidence using dividend policy in the Czech Republic (en)
skos:prefLabel
  • Rent extraction by large shareholders: evidence using dividend policy in the Czech Republic
  • Rent extraction by large shareholders: evidence using dividend policy in the Czech Republic (en)
skos:notation
  • RIV/00216208:11640/08:00317824!RIV10-GA0-11640___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(GA402/06/1293), P(LC542), Z(MSM0021620846)
http://linked.open...iv/cisloPeriodika
  • 3-4
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 392341
http://linked.open...ai/riv/idVysledku
  • RIV/00216208:11640/08:00317824
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • rent extraction; large shareholders; dividend policy (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [45F0D8702F3D]
http://linked.open...i/riv/nazevZdroje
  • Finance a úvěr-Czech Journal of Economics and Finance
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 58
http://linked.open...iv/tvurceVysledku
  • Hanousek, Jan
  • Bena, J.
http://linked.open...ain/vavai/riv/wos
  • 000269085000001
http://linked.open...n/vavai/riv/zamer
issn
  • 0015-1920
number of pages
http://localhost/t...ganizacniJednotka
  • 11640
is http://linked.open...avai/riv/vysledek of
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