dc.contributor.author
Kleidaras, Konstantinos
en
dc.date.accessioned
2021-09-29T10:41:55Z
dc.date.available
2021-09-29T10:41:55Z
dc.date.issued
2021-09-29
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/29907
dc.rights
Default License
dc.subject
Family ownership
en
dc.subject
Dividend policy
en
dc.title
The Role οf the Family Ownership on
Dividend Policy - Evidence from Greece
en
heal.type
masterThesis
en_US
heal.dateAvailable
2021-06-30
heal.license
http://creativecommons.org/licenses/by-nc/4.0
en_US
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management
en_US
heal.publicationDate
2021-06-30
heal.abstract
This dissertation was written as part of the MSc in International Accounting Auditing
& Financial Management at the International Hellenic University.
The purpose of this dissertation is to examine the nonlinear relation between the level
of founding family ownership of companies in Greece with the dividend pay-out
decisions they follow. Furthermore, it is going to be examined how a financial distress
situation influences the association between family ownership and dividend payouts.
At a theoretical level, a reference is going to be made regarding the two arguments
that can be put forward to explain the dividend policies of family-controlled firms: the
alignment effect and the entrenchment effect. The aim of the study is to investigate
the effect of family ownership on dividend policy and prove that the relation between
family ownership and dividend policy is not monotonic but effectively varies by
ownership levels. Furthermore, a reference is going to be made to the agency theory
view of dividend policy, the managerial entrenchment hypothesis and to the
institutional framework regarding the dividend requirement legal setting in Greece.
en
heal.advisorName
Sikalidis, Alexandros
en
heal.committeeMemberName
Grose, Christos
en
heal.committeeMemberName
Archontakis, Fragiskos
en
heal.academicPublisher
IHU
en
heal.academicPublisherID
ihu
en_US