The Impact of Legal Systems on Dividend Payments
This paper focuses on the amount of dividends paid to shareholders by companies in different countries and examines whether being in a country where the legal system offers weak shareholder protection affects dividend payments distributed to shareholders. The sample used for this study comprises 8,0...
Main Authors: | , |
---|---|
Format: | Article |
Language: | English |
Published: |
Sciendo
2021-04-01
|
Series: | Studies in Business and Economics |
Subjects: | |
Online Access: | https://doi.org/10.2478/sbe-2021-0001 |
id |
doaj-e056d759e05a4339b68b424215a82787 |
---|---|
record_format |
Article |
spelling |
doaj-e056d759e05a4339b68b424215a827872021-09-05T14:01:48ZengSciendoStudies in Business and Economics2344-54162021-04-0116151110.2478/sbe-2021-0001The Impact of Legal Systems on Dividend PaymentsAlikaj Albi0Limaye Aditya1Jacksonville State University, USAArkansas Tech University, USAThis paper focuses on the amount of dividends paid to shareholders by companies in different countries and examines whether being in a country where the legal system offers weak shareholder protection affects dividend payments distributed to shareholders. The sample used for this study comprises 8,045 companies from 46 countries. Seven individual factors affecting shareholder protection were examined. Out of the seven factors, only two of them provide a significant relationship with dividend payments, and more specifically, the mechanisms put in place by companies to protect oppressed minority shareholders as well as minimum percentage share of capital in order for the shareholders to be eligible to call an extraordinary shareholder meeting.https://doi.org/10.2478/sbe-2021-0001dividend paymentsshareholder protectionlegal systemcorporate governanceminority shareholders |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Alikaj Albi Limaye Aditya |
spellingShingle |
Alikaj Albi Limaye Aditya The Impact of Legal Systems on Dividend Payments Studies in Business and Economics dividend payments shareholder protection legal system corporate governance minority shareholders |
author_facet |
Alikaj Albi Limaye Aditya |
author_sort |
Alikaj Albi |
title |
The Impact of Legal Systems on Dividend Payments |
title_short |
The Impact of Legal Systems on Dividend Payments |
title_full |
The Impact of Legal Systems on Dividend Payments |
title_fullStr |
The Impact of Legal Systems on Dividend Payments |
title_full_unstemmed |
The Impact of Legal Systems on Dividend Payments |
title_sort |
impact of legal systems on dividend payments |
publisher |
Sciendo |
series |
Studies in Business and Economics |
issn |
2344-5416 |
publishDate |
2021-04-01 |
description |
This paper focuses on the amount of dividends paid to shareholders by companies in different countries and examines whether being in a country where the legal system offers weak shareholder protection affects dividend payments distributed to shareholders. The sample used for this study comprises 8,045 companies from 46 countries. Seven individual factors affecting shareholder protection were examined. Out of the seven factors, only two of them provide a significant relationship with dividend payments, and more specifically, the mechanisms put in place by companies to protect oppressed minority shareholders as well as minimum percentage share of capital in order for the shareholders to be eligible to call an extraordinary shareholder meeting. |
topic |
dividend payments shareholder protection legal system corporate governance minority shareholders |
url |
https://doi.org/10.2478/sbe-2021-0001 |
work_keys_str_mv |
AT alikajalbi theimpactoflegalsystemsondividendpayments AT limayeaditya theimpactoflegalsystemsondividendpayments AT alikajalbi impactoflegalsystemsondividendpayments AT limayeaditya impactoflegalsystemsondividendpayments |
_version_ |
1717809543902134272 |