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Dividend Policy and Corporate Governance$
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Luis Correia da Silva, Marc Goergen, and Luc Renneboog

Print publication date: 2004

Print ISBN-13: 9780199259304

Published to Oxford Scholarship Online: April 2004

DOI: 10.1093/0199259305.001.0001

Conclusion

Chapter:
(p.156) 9 Conclusion
Source:
Dividend Policy and Corporate Governance
Author(s):

Luis Correia Da Silva

Marc Goergen (Contributor Webpage)

Luc Renneboog (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199259305.003.0009

The study provides new interesting results that are important for the ongoing debate about the best possible corporate governance system. Although, recently, the Continental European system of corporate governance has somehow fallen into disrepute, the system has some clear advantages as compared to the main competing system, the Anglo‐American system. One of these advantages is that the average firm in Continental European does not have to rely on costly dividend signalling.

Keywords:   convergence of corporate governance systems, corporate control, corporate governance, corporate ownership, dividend policy, Germany, UK, US

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