메뉴 건너뛰기




Volumn 116, Issue 510, 2006, Pages

Company dividends and ownership structure: Evidence from UK panel data

Author keywords

[No Author keywords available]

Indexed keywords

INVESTMENT; OWNERSHIP;

EID: 33644748217     PISSN: 00130133     EISSN: 14680297     Source Type: Journal    
DOI: 10.1111/j.1468-0297.2006.01082.x     Document Type: Conference Paper
Times cited : (114)

References (39)
  • 1
    • 58149364940 scopus 로고
    • 'Another look at the instrumental variable estimation of error-components models'
    • Arellano, M. and Bover, O. (1995). 'Another look at the instrumental variable estimation of error-components models;, Journal of Econometrics, Elsevier, vol. 68 (1), pp. 29-51.
    • (1995) Journal of Econometrics Elsevier , vol.68 , pp. 129-151
    • Arellano, M.1    Bover, O.2
  • 2
    • 33644754068 scopus 로고    scopus 로고
    • 'Re-conceptualising the nature of modern shareholding (and making voting easier)'
    • Bates, J. and Stapledon, G. (2000). 'Re-conceptualising the nature of modern shareholding (and making voting easier)', Companies and Securities Law Journal, vol. 18, pp. 110-42.
    • (2000) Companies and Securities Law Journal , vol.18 , pp. 110-142
    • Bates, J.1    Stapledon, G.2
  • 3
    • 33644775881 scopus 로고    scopus 로고
    • 'Share ownership structures and company dividends: Evidence from UK panel data'
    • mimeo, Nuffield College, Oxford
    • Bond, S. and Chennells, L. (1997). 'Share ownership structures and company dividends: Evidence from UK panel data', mimeo, Nuffield College, Oxford
    • (1997)
    • Bond, S.1    Chennells, L.2
  • 4
    • 0009751764 scopus 로고    scopus 로고
    • 'Taxes and company dividends: A microeconometric investigation exploiting cross-section variations in taxes'
    • Bond, S., Chenells, L. and Devereux, M. (1996). 'Taxes and company dividends: A microeconometric investigation exploiting cross-section variations in taxes', Economic Journal, vol. 106, pp. 320-33.
    • (1996) Economic Journal , vol.106 , pp. 320-333
    • Bond, S.1    Chenells, L.2    Devereux, M.3
  • 5
    • 0001438979 scopus 로고    scopus 로고
    • 'Initial conditions and moment restrictions in dynamic panel data models'
    • Blundell, R., Bond, S. (1998). 'Initial conditions and moment restrictions in dynamic panel data models', Journal of Econometrics, vol. 87, pp. 115-43.
    • (1998) Journal of Econometrics , vol.87 , pp. 115-143
    • Blundell, R.1    Bond, S.2
  • 6
    • 0003734503 scopus 로고
    • 'The Financial Aspects of Corporate Governance'
    • Report by Adrian Cadbury, London: Gee
    • Cadbury, A. (1992). 'The Financial Aspects of Corporate Governance', Report by Adrian Cadbury, London: Gee.
    • (1992)
    • Cadbury, A.1
  • 7
    • 23844534910 scopus 로고    scopus 로고
    • 'Do dividend payments respond to taxes? Preliminary evidence from the 2003 dividend tax cut'
    • NBER Working Paper 10572
    • Chetty, R. and Saez, M. (2004). 'Do dividend payments respond to taxes? Preliminary evidence from the 2003 dividend tax cut', NBER Working Paper 10572.
    • (2004)
    • Chetty, R.1    Saez, M.2
  • 9
    • 33644770435 scopus 로고    scopus 로고
    • 'Corporate Monitoring by Shareholder Coalitions in the UK ECGI'
    • Finance Working Paper 12/2003
    • Crespi-Cladera, R. and Renneboog, L. (2003). 'Corporate monitoring by shareholder coalitions in the UK ECGI', Finance Working Paper 12/2003.
    • (2003)
    • Crespi-Cladera, R.1    Renneboog, L.2
  • 10
    • 0001413464 scopus 로고
    • 'Two agency-cost explanations of dividends'
    • Easterbrook, F. (1984). 'Two agency-cost explanations of dividends', American Economic Review, vol. 74, pp. 650-9.
    • (1984) American Economic Review , vol.74 , pp. 650-659
    • Easterbrook, F.1
  • 11
    • 0011266712 scopus 로고    scopus 로고
    • 'Do occupational funds monitor the companies in which they hold large stakes'
    • Faccio, M. and Lasfer, A. (2000). 'Do occupational funds monitor the companies in which they hold large stakes', Journal of Corporate Finance, vol. 6 (1), pp. 71-110.
    • (2000) Journal of Corporate Finance , vol.6 , Issue.1 , pp. 71-110
    • Faccio, M.1    Lasfer, A.2
  • 12
    • 22144497316 scopus 로고    scopus 로고
    • 'Dividend policy, corporate governance and the managerial entrenchment hypothesis: An empirical analysis'
    • Farinha, J. (2003). 'Dividend policy, corporate governance and the managerial entrenchment hypothesis: An empirical analysis', Journal of Business Finance and Accounting, vol. 30 (9-10), pp. 1173-209.
    • (2003) Journal of Business Finance and Accounting , vol.30 , Issue.9-10 , pp. 1173-1209
    • Farinha, J.1
  • 13
    • 0042067670 scopus 로고    scopus 로고
    • 'Strong managers and passive institutional investors in the UK'
    • (F Barca and M Becht, eds.) Oxford: Oxford University Press
    • Goergen, M. and Renneboog, L. (2001). 'Strong managers and passive institutional investors in the UK', in (F Barca and M Becht, eds.), The Control of Corporate Europe, pp. 254-84, Oxford: Oxford University Press.
    • (2001) The Control of Corporate Europe , pp. 254-284
    • Goergen, M.1    Renneboog, L.2
  • 14
    • 33644767146 scopus 로고
    • Greenbury Report by Sir Richard Greenbury, London: Gee
    • Greenbury (1995). 'Directors Renumeration', Report by Sir Richard Greenbury, London: Gee.
    • (1995) ' Directors Renumeration'
  • 15
    • 0007043402 scopus 로고
    • 'One share/one vote and the market for corporate control'
    • Grossman, S. and Hart, O. (1988). 'One share/one vote and the market for corporate control', Journal of Financial Economics, vol. 20, pp. 175-202
    • (1988) Journal of Financial Economics , vol.20 , pp. 175-202
    • Grossman, S.1    Hart, O.2
  • 16
    • 33644758414 scopus 로고    scopus 로고
    • Hampel Committee Committee on Corporate Governance, Final Report, London: Gee
    • Hampel Committee (1998). Committee on Corporate Governance, Final Report, London: Gee.
    • (1998)
  • 18
    • 0002933796 scopus 로고    scopus 로고
    • 'Private voluntary disclosure, financial intermediation and market efficiency'
    • Holland, J. (1998). 'Private voluntary disclosure, financial intermediation and market efficiency', Journal of Business and Accounting, vol. 25 (1), pp. 29-41
    • (1998) Journal of Business and Accounting , vol.25 , Issue.1 , pp. 29-41
    • Holland, J.1
  • 19
    • 33644765056 scopus 로고    scopus 로고
    • 'Financial reporting, private disclosure and the corporate governance role of financial institutions'
    • Holland, J. (1999). 'Financial reporting, private disclosure and the corporate governance role of financial institutions', Journal of Management and Governance, vol. 3 (2), pp. 161-87.
    • (1999) Journal of Management and Governance , vol.3 , Issue.2 , pp. 161-187
    • Holland, J.1
  • 20
    • 33644748402 scopus 로고    scopus 로고
    • 'Financial institutions governance of the internal governance and value creation chain of companies- a grounded theory model'
    • Working Paper Series, Department of Accounting and Finance, University of Glasgow
    • Holland, J. (2002). 'Financial institutions governance of the internal governance and value creation chain of companies- a grounded theory model', Working Paper Series, Department of Accounting and Finance, University of Glasgow.
    • (2002)
    • Holland, J.1
  • 21
    • 0003559593 scopus 로고
    • New York: Cambridge University Press
    • Hsiao, C. (1986). Analysis of Panel Data, New York: Cambridge University Press.
    • (1986) Analysis of Panel Data
    • Hsiao, C.1
  • 22
    • 0001066475 scopus 로고
    • 'Agency costs of free cash flow, corporate finance and takeovers'
    • Jensen, M (1986). 'Agency costs of free cash flow, corporate finance and takeovers', American Economic Review, vol. 76, pp. 323-9
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.1
  • 23
    • 44649197264 scopus 로고
    • 'Theory of the firm: Managerial behaviour, agency costs and ownership structure'
    • Jensen, M. and Meckling, W. (1976). 'Theory of the firm: Managerial behaviour, agency costs and ownership structure', Journal of Financial Economics, vol. 3, pp. 305-60
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 25
    • 0030116885 scopus 로고    scopus 로고
    • 'Taxes and dividends: The UK evidence'
    • Lasfer, M. A. (1996). 'Taxes and dividends: The UK evidence', Journal of Banking and Finance, vol. 20 (3), pp. 445-72
    • (1996) Journal of Banking and Finance , vol.20 , Issue.3 , pp. 445-472
    • Lasfer, M.A.1
  • 26
    • 0002744905 scopus 로고
    • 'Distribution of incomes of corporations among dividends retained earnings and taxes'
    • Lintner, J. (1956). 'Distribution of incomes of corporations among dividends retained earnings and taxes', American Economic Review, vol. 46, pp. 97-113
    • (1956) American Economic Review , vol.46 , pp. 97-113
    • Lintner, J.1
  • 27
    • 0042916616 scopus 로고    scopus 로고
    • 'Financial institutions and their relationship with corporate boards'
    • Mallin, C. (1999). 'Financial institutions and their relationship with corporate boards', Corporate Governance: An International Review, vol. 7 (3), pp. 248-55
    • (1999) Corporate Governance: An International Review , vol.7 , Issue.3 , pp. 248-255
    • Mallin, C.1
  • 28
    • 0347784990 scopus 로고    scopus 로고
    • 'Institutional investors and voting practices: An international comparison'
    • Mallin, C. (2001). 'Institutional investors and voting practices: An international comparison', Corporate Governance: An International Review, vol. 9 (2), pp. 118-26
    • (2001) Corporate Governance: An International Review , vol.9 , Issue.2 , pp. 118-126
    • Mallin, C.1
  • 29
    • 33644762114 scopus 로고    scopus 로고
    • 'Corporate governance in the UK'
    • Mayer, C. (2000). 'Corporate governance in the UK', Hume Papers on Public Policy, vol. 8 (1), pp. 54-69
    • (2000) Hume Papers on Public Policy , vol.8 , Issue.1 , pp. 54-69
    • Mayer, C.1
  • 32
    • 33644749455 scopus 로고    scopus 로고
    • Committee of inquiry into UK vote execution (Y. Newbold, Chair) Report
    • Newbold Committee National Association of Pension Funds, UK
    • Newbold Committee (1999). Committee of inquiry into UK vote execution (Y. Newbold, Chair) Report, National Association of Pension Funds, UK.
    • (1999)
  • 33
    • 0000604269 scopus 로고
    • 'Biases in dynamic models with fixed effects'
    • Nickell, S. J., (1981). 'Biases in dynamic models with fixed effects', Econometrica, vol. 49 (6), pp. 1417-26
    • (1981) Econometrica , vol.49 , Issue.6 , pp. 1417-1426
    • Nickell, S.J.1
  • 35
    • 84986465448 scopus 로고
    • 'Growth, beta and agency costs as determinants of dividends payout ratios'
    • Rozeff, M. (1982). 'Growth, beta and agency costs as determinants of dividends payout ratios', The Journal of Financial Research, vol. 58 (3), pp. 249-59
    • (1982) The Journal of Financial Research , vol.58 , Issue.3 , pp. 249-259
    • Rozeff, M.1
  • 36
    • 2142759989 scopus 로고    scopus 로고
    • Office for National Statistics (ONS)
    • Share Ownership Report
    • Share Ownership Report. (2004), Office for National Statistics (ONS).
    • (2004)
  • 37
    • 84936823587 scopus 로고
    • 'Large shareholders and corporate control'
    • Shleifer, A. and Vishny, R. (1986). 'Large shareholders and corporate control', Journal of Political Economy, vol. 95, pp. 461-88
    • (1986) Journal of Political Economy , vol.95 , pp. 461-488
    • Shleifer, A.1    Vishny, R.2
  • 38
    • 0036183712 scopus 로고    scopus 로고
    • 'The link between dividend policy and institutional ownership'
    • Short, H., Zhang, H. and Keasey, K. (2002). 'The link between dividend policy and institutional ownership', Journal of Corporate Finance, vol. 8 (2), pp. 105-22
    • (2002) Journal of Corporate Finance , vol.8 , Issue.2 , pp. 105-122
    • Short, H.1    Zhang, H.2    Keasey, K.3
  • 39
    • 0041856684 scopus 로고    scopus 로고
    • 'A finite sample correction for the variance of linear two-step GMM estimators'
    • Institute for Fiscal Studies
    • Windmeijer, F. (2000) 'A finite sample correction for the variance of linear two-step GMM estimators', IFS Working Papers W00/19, Institute for Fiscal Studies.
    • (2000) IFS Working Papers W00/19
    • Windmeijer, F.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.