Pregledni rad
DIVIDENDS ON COMMON AND PREFERRED SHARES: THE RELATIONSHIP WITH THE OWNERSHIP CONCENTRATION IN RUSSIAN PUBLIC COMPANIES
Irina Berezinets
Yulia Ilina
Lyudmila Alekseeva
Sažetak
This paper investigates the relationship between the dividend policy and ownership structure in Russian
public companies. A study of the link between dividends and ownership concentration is based on the
sample of public companies with dual class share structure. These shares were traded on the Russian
Trading System (RTS) in the period of 2003-2009. The authors explore a broad range of factors related to
the ownership concentration. This study allows making conclusions on the impact of the ownership
concentration on the dividend policy. Moreover, there is evidence that this impact differs for the
dividends on ordinary and preferred shares.
Ključne riječi
dividends; corporate governance; public companies; dual class shares; ownership concentration
Hrčak ID:
123667
URI
Datum izdavanja:
30.6.2015.
Posjeta: 882 *