Family Involvement and Dividend Policy in Listed and Non-Listed Firms
We evaluate the relationship between family involvement, the likelihood of dividend payment, and the amounts of the dividends paid. Using a detailed data-base of 523 mostly non-listed Colombian companies (1996 to 2006), we found that majority family owner-ship has significant negative effects on the...
- Autores:
-
González, Maximiliano
Guzmán, Alexander
Pombo, Carlos
Trujillo, María Andrea
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2012
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/46364
- Acceso en línea:
- http://hdl.handle.net/1992/46364
- Palabra clave:
- Family businesses
dividend policy
agency problems
Empresas familiares - Colombia
Empresas familiares - Finanzas
Administración
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/