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dc.contributor.authorAndres, Christianen_US
dc.contributor.authorBetzer, Andréen_US
dc.contributor.authorGoergen, Marcen_US
dc.date.accessioned2011-08-23en_US
dc.date.accessioned2012-04-20T17:09:04Z-
dc.date.available2012-04-20T17:09:04Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:hebis:30-115328en_US
dc.identifier.urihttp://hdl.handle.net/10419/57350-
dc.description.abstractThis paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling shareholder matters as family controlled firms have high dividend payouts whereas bank controlled firms have low dividend payouts. However, there is no evidence that the dividend preference of the large shareholder has an impact on the dividend decision.en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2011/16en_US
dc.subject.jelG32en_US
dc.subject.jelG35en_US
dc.subject.ddc330en_US
dc.subject.keywordDividend Policyen_US
dc.subject.keywordPayout Policyen_US
dc.subject.keywordLintner Dividend Modelen_US
dc.subject.keywordTax Clientele Effectsen_US
dc.subject.keywordCorporate Governanceen_US
dc.subject.stwDividendeen_US
dc.subject.stwEigentümerstrukturen_US
dc.subject.stwAktionäreen_US
dc.subject.stwSteuerplanungen_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwDeutschlanden_US
dc.titleDividend policy, corporate control and tax clienteles: The case of Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn666540365en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfswop:201116-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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