Dividend Policy inside the Firm

@inproceedings{Desai2001DividendPI,
  title={Dividend Policy inside the Firm},
  author={Mihir A. Desai and James R. Hines and C. Fritz Foley},
  year={2001}
}
This paper analyzes dividend remittances by a large panel of foreign affiliates of U.S. multinational firms. The dividend policies of foreign affiliates, which convey no signals to public capital markets, nevertheless resemble those used by publicly held companies in paying dividends to diffuse common shareholders. Robustness checks verify that dividend policies of foreign affiliates are little affected by the dividend policies of their parent companies or parent company exposure to public… CONTINUE READING

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