Family firms and cash dividends in Kuwait
Joint Authors
al-Yusuf, Husayn Yusuf
al-Mutayri, Ali Rashid
Source
Arab Journal of Administrative Sciences
Issue
Vol. 22, Issue 1 (31 Jan. 2015), pp.23-47, 25 p.
Publisher
Kuwait University Academic Publication Council
Publication Date
2015-01-31
Country of Publication
Kuwait
No. of Pages
25
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Topics
Abstract EN
The purpose of the paper is to investigate whether family firms have higher or lower cash dividend payouts than nonfamily firms.
In addition, it aims to identify the determinants of family firms that distribute cash dividends.
Based on a sample of Kuwaiti publicly listed firms over the period 2003-2008, we find that family firms have lower cash dividends than nonfamily firms.
This evidence suggests that majority shareholders, i.e., families, tend to extract minority shareholders wealth, which provides support for the entrenchment hypothesis.
Furthermore, results show that older, highly leveraged, and less profitable family firms distribute less cash dividends than younger, lowly leveraged and more profitable family firms
American Psychological Association (APA)
al-Mutayri, Ali Rashid& al-Yusuf, Husayn Yusuf. 2015. Family firms and cash dividends in Kuwait. Arab Journal of Administrative Sciences،Vol. 22, no. 1, pp.23-47.
https://search.emarefa.net/detail/BIM-683914
Modern Language Association (MLA)
al-Mutayri, Ali Rashid& al-Yusuf, Husayn Yusuf. Family firms and cash dividends in Kuwait. Arab Journal of Administrative Sciences Vol. 22, no. 1 (Jan. 2015), pp.23-47.
https://search.emarefa.net/detail/BIM-683914
American Medical Association (AMA)
al-Mutayri, Ali Rashid& al-Yusuf, Husayn Yusuf. Family firms and cash dividends in Kuwait. Arab Journal of Administrative Sciences. 2015. Vol. 22, no. 1, pp.23-47.
https://search.emarefa.net/detail/BIM-683914
Data Type
Journal Articles
Language
English
Record ID
BIM-683914