<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</abstract>

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.

The Impact of Legal Systems on Dividend Payments

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"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...

The Impact of Legal Systems on Dividend Payments

Online veröffentlicht: 26. Mai 2021

Seitenbereich: 5 - 11

DOI: https://doi.org/10.2478/sbe-2021-0001

Schlüsselwörter
Dividend Payments, Shareholder Protection, Legal System, Corporate Governance, Minority Shareholders

© 2021 Albi Alikaj et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Impact of Legal Systems on Dividend Payments

Online veröffentlicht: 26. Mai 2021

Seitenbereich: 5 - 11

DOI: https://doi.org/10.2478/sbe-2021-0001

SchlüsselwörterDividend Payments, Shareholder Protection, Legal System, Corporate Governance, Minority Shareholders

© 2021 Albi Alikaj et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
Dividend Payments, Shareholder Protection, Legal System, Corporate Governance, Minority Shareholders