Kuwait-University-Journal-of-Law-header
Search
Journal of Law

Previous Issues

Advance Search
Year : From To Vol
Issue Discipline:
Author

Volume :22 Issue : 1 2015      Add To Cart                                                                    Download

Family Firms and Cash Dividends in Kuwait

Auther : Ali R. Almutairi
Husain Y. Alyousef

The purpose of the paper is to investigate whether family firms have higher or lower cash dividend payouts than non family 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 non family 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.

Journal of Law
Journal of Law

You are Visitor No.

77740

Journal of Law
Tell your friendsJournal of Law
Journal of Law
Journal of Law

Last Updated

Nov 19, 2019

Journal of Law
Journal of Law
Journal of Law

Please enter your email Here to receive our news

Journal of Law