The author is from CETE-Centro de Estudos de Economia Industrial, do Trabalho e da Empresa, Faculdade de Economia, Universidade do Porto, Portugal. This paper is based on part of his PhD dissertation at Lancaster University, UK. He is particularly grateful to his supervisors, Ken Peasnell and Peter Pope, and also to Sudi Sudarsanam, Steve Young, Sanjay Unni, Massoud Mussavian, Robin Limmack, Abe de Jong, participants at the 1998 EFA-European Finance Association Meeting, the 1998 BAA-ICAEW Doctoral Colloquium, the Accounting and Finance Seminar Series at Lancaster University, the 2002 PFN-Portuguese Finance Network Meeting, the 2002 EFMA-European Financial Management Association Conference, and the 2002 1st International Conference on Corporate Governance at the University of Birmingham, for all the helpful comments received. He is thankful to I/B/E/S International Inc. for allowing the usage of the I/B/E/S database and also gratefully acknowledges the generous financial support received from Fundação para a Ciência e Tecnologia/Praxis XXI Programme and from Faculdade de Economia, Universidade do Porto. (Paper received August 2002, revised and accepted September 2002)
Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis
Article first published online: 15 DEC 2003
Journal of Business Finance & Accounting
Volume 30, Issue 9-10, pages 1173–1209, December 2003
How to Cite
Farinha, J. (2003), Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis. Journal of Business Finance & Accounting, 30: 1173–1209. doi: 10.1111/j.0306-686X.2003.05624.x
- Issue published online: 15 DEC 2003
- Article first published online: 15 DEC 2003
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