Dividend policy: the mediation between managerial control and shareholding

Arthur Barrionuevo Filho ()

Brazilian Journal of Political Economy, 1987, vol. 7, issue 4, 564-576

Abstract: This paper discusses the dividend policy and its effects on the relationship anddependency between managers and shareowners. By the way, starting from the classic economist’sview about the split of surplus between profits and interests, and from Hilferding’sview of dividends as a specific form of earning yield from property-capital, analyses somestudies of finance economists about the importance of dividends policy. It concludes with aremark about the advantages yielded by the shareowners who own the majority of capital. JEL Classification: G35.

Keywords: Dividends (search for similar items in EconPapers)
Date: 1987
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