Liệu sự đóng góp của cổ tức vào giá trị công ty có phụ thuộc vào cổ đông kiểm soát?

Adjaoud, F. and Ben Amar, W. (2010) Corporate governance and dividend policy: Shareholders’ protection or expropriation? Journal of Business Finance & Accounting 37 (56): 648–667. Agrawal, A. and Mandelker, G.N. (1992) Shark repellent and the role of institutional investors in corporate governance. Managerial and Decisions Economics 13 (1): 15–22. Banzhaf, J.F. (1965) Weighted voting doesn’t work: A Mathematical analysis. Rutgers Law Review 19 (2): 317–343. Bathala, C., Moon, K. and Rao, R. (1994) Managerial ownership, debt policy, and the impact of institutional holding: An agency perspective. Financial Management 23 (3): 38–50. Bhattacharya, S. (1979) Imperfect information, dividend policy, and the bird in the hand fallacy. Bell Journal of Economics 10 (1): 259–270. Bloch, F. and Hege, U. (2001) Multiple Shareholders and Control Contests. University Aix-Marseille and ESSEC Business School. Working paper. Bozec, Y. and Laurin, C. (2008) Large shareholder entrenchment and performance: Empirical evidence from Canada. Journal of Business Finance & Accounting 35 (1): 25–49. Chou, W.H., Hardin, W.G., Hill, M.D. and Kelly, G.W. (2009) Market Value, Dividends and Agency Costs: Evidence from REITs, Working paper, http://ssrn.com/abstract=1474841. Claessens, S., Djankov, S., Fan, J. and Lang, L. (2002) Disentangling the incentive and entrenchment effects of large shareholdings. Journal of Finance 57 (6): 2741–2771. Claessens, S., Djankov, S. and Lang, L. (2000) The separation of ownership and control in East Asian corporations. Journal of Financial Economics 58 (1): 81–112. Crama, Y., Leruth, L., Renneboog, L. and et Urbain, J.P. (2003) Corporate control concentration measurement and firm performance. In: J. Batten and T. et Fetherston (eds.) Social Responsibility: Corporate Governance Issues. Amsterdam, the Netherlands: Elsevier Science. Crespi, R. and Renneboog, L. (2003) Corporate Monitoring by Shareholder Coalitions in the UK. ECGI Discussion Paper no. 12/2003. Dubey, P. and Shapley, L.S. (1979) Mathematical properties of the Banzhaf value. Mathematics of Operational Research 4: 99–131. Easterbrook, F. (1984) Two agency cost explanations of dividends. American Economic Review 74 (4): 65–659. Faccio, M., Lang, L. and Young, L. (2001) Dividends and expropriation. American Economic Review 91 (1): 54–78. Farinha, J. (2003) Dividend policy, corporate governance and the managerial entrenchment hypothesis: An empirical analysis. Journal of Business Finance & Accounting 30 (910): 1173–1209. Fama, E. and French, K. (1998) Taxes, financing decisions and firm value. Journal of Finance 53: 819–843. Gadhoum, Y. (2000) Ownership Concentration, Dividend Policy, and Expropriation of Minority Shareholders. University of Quebec In Montreal. Working paper. Gomes, A. and Novaes, W. (2005) Sharing of Control as Corporate Governance Mechanism. Wharton School and University of Washington. CARESS Working Paper no. 01–06. Gugler, K. (2003) Corporate governance, dividend payout policy, and the interrelation between dividends, R&D, and capital investment. Journal of Banking and Finance 27 (7): 1297–1321. Gugler, K. and Yurtoglu, B. (2003) Corporate governance and dividend payout policy in Germany. European Economics Review 47 (2003): 731–758. Guizani, M., Abaoub, E. and Kouki, M. (2009) Shareholders coalitions, voting power and dividend policy: New evidence from Tunisia. Corporate Ownership and Control 6 (1): 34–43. Harada, K. and Nguyen, P. (2007) Ownership Concentration, Agency Conflicts, and Dividend Policy in Japan. SSRN Working Paper. Jensen, G., Solberg, D. and Zorn, T. (1992) Simultaneous determination of insider ownership, debt, and dividend policies. Journal of Financial and Quantitative Analysis 27 (2): 247–263. Jensen, M. (1986) Agency costs of free cash flow, corporate finance and takeovers. American Economics Review 76 (2): 323–329. Jensen, M. and Meckling, W. (1976) Theory of the firm: Managerial behaviour, agency costs and ownership structure. Journal of Financial Economics 3 (4): 305–360. John, K. and Knyazeva, A. (2006) Payout Policy, Agency Conflicts, and Corporate Governance. New York University. Working Paper. John, K. and Williams, J. (1985) Dividends, dilution and taxes: A signalling equilibrium. Journal of Finance 40 (4): 1053–1070. La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (1999) Corporate ownership around the world. Journal of Finance 54 (2): 471–517. La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny, R. (2000a) Agency problems and dividend around the word. Journal of Finance 55 (1): 1–33. La Porta, R., Lopez-de-Silanes, F., Shleifer, A and Vishny, R (2000b) Investor protection and corporate governance. Journal of Financial Economics 58 (1–2): 3–27. La Porta, R, Lopez-de-Silanes, F., Shleifer, A and Vishny, R (2002) Investor Protection and corporate valuation. Harvard university. Working paper. Leaven, L. and Levine, R. (2008) Complex ownership structure and corporate valuations. Journal of Financial Studies 21 (2): 579–604. Leech, D. (1999) Minority Control: An Analysis of British Companies using Voting Power Indices. University of Warwick. Warwick Economic Research Paper no. 529. Lopez-Iturriaga, F.J. and Rodriguez-Sanz, J.A. (2010) Debt, Dividends, and Growth Opportunities in East Asian Firms: The Role of Institutional Factors. University of Valladolid, School of Business and Economics. Working Paper. McConnell, J. and Servaes, H. (1990) Additional evidence on equity ownership and corporate value. Journal of Financial Economics 27 (2): 595–612. McConnell, J. and Servaes, H. (1995) Equity ownership and two faces of debt. Journal of Financial Economics 39 (1): 131–157. Miller, M. and Modigliani, F. (1961) Dividend policy, growth and valuation of shares. Journal of Business 34 (4): 411–433. Miller, M. and Rock, K. (1985) Dividend policy under asymmetric information. Journal of Finance 40 (4): 1031–1051. Mitton, T. (2004) Corporate governance and dividend policy in emerging markets. Emerging Market Review 5 (3): 409–426. Officer, M.S. (2006) Dividend Policy, Dividend Initiations, and Governance. Marshall School of Business. Working Paper. Pinkowitz, L., Stulz, R. and Williamson, R. (2006) Does the contribution of corporate cash holdings and dividends to firm value depend on governance? A cross-country analysis. Journal of Finance 61 (6): 2725–2751. Poulain-Rehm, T. (2005) L’impact de l’affectation du free cash flow sur la création de valeur actionnariale: le cas de la politique d’endettement et de dividendes des entreprises françaises cotées. Finance Contrôle Stratégie 8 (4): 205–238. Rozeff, M. (1982) Growth beta and agency costs as determinations of dividend payout ratios. The Journal of Financial Research 5 (3): 149–159. Shleifer, A. and Vishny, R. (1997) A survey of corporate governance. Journal of Finance 52 (2): 737–783. Thomsen, S. (2004) Blockholder Ownership, Dividends and Firm Value in Continental Europe. Copenhagen Business School. Working Paper. Trojanowski, G. (2004) Ownership structure as a mechanism of corporate governance. Center dissertation series, Tilburg University, Tilburg. Zhang, R. (2005) The Effects of Firm and Country Level Governance Mechanisms on Dividend Policy, Cash Holdings, and Firm Value: A cross-country Study. The University of Tennessee. Working paper.