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Effect of Corporate Life Cycle on Corporate Governance
Korean Journal of Accounting Research, 2018Eun-Suh Lee, Won-Ki Lee
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Dividend payout and corporate governance along the corporate life-cycle [PDF]
Manuscript Type: Empirical Research Question/Issue: This study seeks to test the outcome and substitution agency models of dividends at different stages of the corporate life-cycle. Research Findings/Insights: In a sample of 220 firms from 21 emerging market countries, I show that the outcome model of dividends, which predicts that dividend payout ...
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