Dividend payout policy, family control, and institutional investors in an emerging country: The case of Mexico
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad Nacional Autónoma de México
2019
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| _version_ | 1876458347788500992 |
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| author | Humberto Valencia Herrera |
| author_facet | Humberto Valencia Herrera |
| contents | Dividend payout policy, family control, and institutional investors in an emerging country: The case of Mexico Humberto Valencia Herrera Felipe Javier Ruiz Rivera Administración y Contabilidad G35 G32 G30 Family control Dividend policy The dividend payout ratio and its volatility in firms listed on the Mexican Stock Exchange from the second quarter of 2009 to the first quarter of 2013 relate to corporate governance aspects. A structural equations model found that institutional investors avoid firms with high family intervention and prefer market risk despite greater volatility in dividend payouts. Similarly, the dividend payout volatility and market risk are positively related. Moreover, dividend payout is smaller in firms with high family intervention in management. Companies with a strong family control smooth their dividend payout and have a smaller number of institutional investors. 2019 artículo científico 0186-1042 https://www.redalyc.org/articulo.oa?id=39571719009 https://www.redalyc.org/journal/395/39571719009/ https://www.redalyc.org/journal/395/39571719009/html/ https://www.redalyc.org/journal/395/39571719009/39571719009.epub https://www.redalyc.org/journal/395/39571719009/movil 10.22201/fca.24488410e.2019.1762 en http://www.redalyc.org/revista.oa?id=395 Contaduría y Administración application/pdf Universidad Nacional Autónoma de México Contaduría y Administración (México) Num.4 Vol.64 |
| format | Artículo científico |
| id | redalyc_39571719009 |
| institution | Redalyc |
| language | en |
| publishDate | 2019 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | Dividend payout policy, family control, and institutional investors in an emerging country: The case of Mexico Humberto Valencia Herrera Administración y Contabilidad G35 G32 G30 Family control Dividend policy Dividend payout policy, family control, and institutional investors in an emerging country: The case of Mexico Humberto Valencia Herrera Felipe Javier Ruiz Rivera Administración y Contabilidad G35 G32 G30 Family control Dividend policy The dividend payout ratio and its volatility in firms listed on the Mexican Stock Exchange from the second quarter of 2009 to the first quarter of 2013 relate to corporate governance aspects. A structural equations model found that institutional investors avoid firms with high family intervention and prefer market risk despite greater volatility in dividend payouts. Similarly, the dividend payout volatility and market risk are positively related. Moreover, dividend payout is smaller in firms with high family intervention in management. Companies with a strong family control smooth their dividend payout and have a smaller number of institutional investors. 2019 artículo científico 0186-1042 https://www.redalyc.org/articulo.oa?id=39571719009 https://www.redalyc.org/journal/395/39571719009/ https://www.redalyc.org/journal/395/39571719009/html/ https://www.redalyc.org/journal/395/39571719009/39571719009.epub https://www.redalyc.org/journal/395/39571719009/movil 10.22201/fca.24488410e.2019.1762 en http://www.redalyc.org/revista.oa?id=395 Contaduría y Administración application/pdf Universidad Nacional Autónoma de México Contaduría y Administración (México) Num.4 Vol.64 |
| title | Dividend payout policy, family control, and institutional investors in an emerging country: The case of Mexico |
| topic | Administración y Contabilidad G35 G32 G30 Family control Dividend policy |
| url | https://www.redalyc.org/articulo.oa?id=39571719009 https://www.redalyc.org/journal/395/39571719009/ https://www.redalyc.org/journal/395/39571719009/html/ https://www.redalyc.org/journal/395/39571719009/39571719009.epub https://www.redalyc.org/journal/395/39571719009/movil |