Common ownership and firm dividend policies

Giuli, Alberta Di; Karmaziene, Egle; Sekerci, Naciye

doi:10.1016/j.frl.2020.101779

Cited by 6 publications

(4 citation statements)

References 45 publications

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“…The investors have their specific method for using the divided policy. In general, the dividend policy of the new companies included in their portfolio is aligned to the one specific for the majority part of administrated companies (Di Giuli, 2021).…”

Section: Equity and Dividend Policymentioning

confidence: 99%

The Influence of the Company Size, Financing Structure and Assets Efficiency on the Positive Net Result in the Agri-Business Sector

Moise

2023

Proceedings of the International Conference on Business Excellence

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The net profit is the primary goal of every business focused on commercial activity. It is the source of further company’s development, and it is followed by all the stakeholders. Its relative size is the basis of the shareholders return through dividends. This paper studies the influence of several factors as the company size, financing structure or assets efficiency on the net profit for the companies with positive results. The data was analyzed for a period of 12 years, from 2009 until 2020. The sample consists in 3109 companies specialized in vegetal nutrition in the Romanian Agri-sector. The company size is defined by the turnover, the financing structure is represented by the level of equity, long-term debts and short-term debts and the return on assets reflects the assets efficiency. Each factor is influencing in a different manner the net profit of the companies. The hypothesis of the study refers to the relationship between net profit and the above factors. A correlation analyses was performed using SPSS software for determining the strength and directions between variables, combined with a descriptive analyses and reliability tests as Cronbach’s and F. The results show that there is a high positive correlation with equity, a moderate positive with turnover and short-term debts, low positive with long-term debts and negligible correlation with return on assets. The conclusion is that the shareholders behavior reflected in the dividend policy can have a significant influence on the relative size of the net profit.

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Section: Equity and Dividend Policymentioning

confidence: 99%

The Influence of the Company Size, Financing Structure and Assets Efficiency on the Positive Net Result in the Agri-Business Sector

Moise

2023

Proceedings of the International Conference on Business Excellence

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“…However, existing studies have focused on the direct influence of common institutional ownership on firms and neglected to explore nonmarket interactions among firms from the perspective of social networks. Only Jung (2013) and Di Giuli et al (2021) have explored the convergence of firms' dividend policies and information disclosure decisions under the influence of common institutional ownership. To date, no scholars have focused on green innovation peer effects in common institutional ownership networks.…”

Section: Economic Consequences Of Common Institutional Ownershipmentioning

confidence: 99%

“…Moreover, Massa and Žaldokas (2017) found that firms held by common institutional ownership are highly correlated in terms of credit risk. Di Giuli et al (2021) also found that common institutional ownership influences the firms' dividend styles through governance, resulting in the convergence of dividend policies between newly added firms and existing firms in the portfolio.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Green innovation peer effects in common institutional ownership networks

Feng

2022

Corp Soc Responsibility Env

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As an important breakthrough in coordinating economic, social, and ecological benefits, green innovation has received wide attention from governments, firms, and the public. However, existing studies mainly explored the economic factors influencing firms' green innovation while neglecting social factors. This study took common institutional ownership as the research perspective to explore whether firms' green innovation decisions are affected by their peers. Using a sample of Chinese A-share listed firms from 2003 to 2019, this paper found that firms imitate their peers' green innovation in common institutional ownership networks and exhibit green innovation peer effects. Mechanism testing revealed that "voting with hands" through common institutional ownership helps firms obtain green innovation information (informationbased imitation), while "voting with feet" through common institutional ownership helps firms maintain a competitive awareness of green innovation (rivalry-based imitation), thereby contributing to green innovation peer effects in common institutional ownership networks. Heterogeneity analysis showed that firms with greater financing constraints and lower levels of risk-taking are more likely to imitate their peers' green innovation. Moreover, firms only regard peers with similar industry status and identical property rights as imitation targets in common institutional ownership networks, thereby following "the imitation law of closer preference." An analysis of economic consequences revealed that green innovation peer effects in common institutional ownership networks are not strategic behaviors of "quantity over quality," with imitation contributing to improving firm value. This paper enriches existing research on the influencing factors of green innovation and provides a new reference for promoting sustainable development.

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“…Menurut Giuli et al (2020), "Struktur kepemilikan perusahaan terjadi karena adanya perbandingan jumlah pemilik saham dalam perusahaan. Sebuah perusahaan dapat dimiliki oleh seseorang secara individu, masyarakat luas, pemerintah, pihak asing, maupun orang dalam perusahaan tersebut (manajerial).…”

Section: Pendahuluanunclassified

Kepemilikan Manajerial, Kepemilikan Institusional dan Kebijakan Dividen serta Free Cash Flow sebagai Pemoderasi

Dewi

Widanaputra

2021

E-Jurnal Akuntansi

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This study aims to determine the effect of managerial ownership and institutional ownership on dividend policy with free cash flow as a moderating variable. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2015-2019. The sample was selected by means of a purposive sampling method with 42 companies as samples and 210 observations. The analysis technique used in this research is Moderated Regression Analysis (MRA). The results of this study indicate that the higher the managerial ownership, the higher the dividend policy, especially in companies that have high free cash flow, and the higher the institutional ownership, the higher the dividend policy, especially in companies with high free cash flow. Keywords: Managerial Ownership; Institutional Ownership; Free Cash Flow; Dividend Policy.

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Common ownership and firm dividend policies

Cited by 6 publications

References 45 publications

The Influence of the Company Size, Financing Structure and Assets Efficiency on the Positive Net Result in the Agri-Business Sector

The Influence of the Company Size, Financing Structure and Assets Efficiency on the Positive Net Result in the Agri-Business Sector

Green innovation peer effects in common institutional ownership networks

Kepemilikan Manajerial, Kepemilikan Institusional dan Kebijakan Dividen serta Free Cash Flow sebagai Pemoderasi

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