Business and Economics Journal

Department of Finance, Chung Yuan Christian University, Chung Pei Rd, Chung Li, Taiwan

Publications

• Short Communication   
  How the Market Dividend Payouts External Governance and Mechanisms Control the Family Firms
  Author(s): Chia-Chen Teng*
  
  This study examines how three external governance mechanisms interact with the internal family-governance system to influence dividend payout decisions. The findings indicate that family businesses deliver fewer dividends when the market prefers dividends. Contrarily, family firms release more dividends under greater monitoring from institutional investors and debt holders. The study expands various theories and generates policy implications... Read More»
  

  Abstract PDF