The Influence of Interlocking Directorates on the Propensity of Dividend Payout to the Parent Company

Published: May 27, 2020
Abstract
An examination was performed on whether director interlocks enabled the adoption of a dividend policy for the benefit of the parent company in the ownership structure. Specifically, the study investigated the dependence of the impact of the central position in the board network on the probability of dividend payment. Based on sample of firms listed on Polish capital market, it was observed that the more central the company’s position in the...
Paper Details
Title
The Influence of Interlocking Directorates on the Propensity of Dividend Payout to the Parent Company
Published Date
May 27, 2020
Journal
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