Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57350 
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dc.contributor.authorAndres, Christianen
dc.contributor.authorBetzer, Andréen
dc.contributor.authorGoergen, Marcen
dc.date.accessioned2011-08-23-
dc.date.accessioned2012-04-20T17:09:04Z-
dc.date.available2012-04-20T17:09:04Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:hebis:30-115328en
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
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2011/16en
dc.subject.jelG32en
dc.subject.jelG35en
dc.subject.ddc330en
dc.subject.keywordDividend Policyen
dc.subject.keywordPayout Policyen
dc.subject.keywordLintner Dividend Modelen
dc.subject.keywordTax Clientele Effectsen
dc.subject.keywordCorporate Governanceen
dc.subject.stwDividendeen
dc.subject.stwEigentümerstrukturen
dc.subject.stwAktionäreen
dc.subject.stwSteuerplanungen
dc.subject.stwCorporate Governanceen
dc.subject.stwDeutschlanden
dc.titleDividend policy, corporate control and tax clienteles: The case of Germany-
dc.typeWorking Paperen
dc.identifier.ppn666540365en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:201116en

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