Ghent University Academic Bibliography

Advanced

Bank affiliations and corporate dividend policy in pre-World War I Belgium

Marc Deloof, Annelies Roggeman UGent and Wouter Van Overfelt (2010) BUSINESS HISTORY. 52(4). p.590-616
abstract
We investigate the impact of universal banks on the dividend policy of affiliated companies, in an environment characterised by poor investor protection, booming stock markets and strong banks. Our results, based on a unique sample of 428 listed companies in pre-World War I Belgium, are consistent with the hypothesis that companies with good investment opportunities and a bank director on their board paid higher dividends to establish a good reputation with investors. However, our results also indicate that companies with several bank directors and companies in which the bank had an equity stake paid lower dividends.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
UNITED-STATES, ASYMMETRIC INFORMATION, CASH FLOW, GOVERNANCE, FIRMS, 20TH-CENTURY, GERMANY, RISE, corporate finance, corporate governance, financial history
journal title
BUSINESS HISTORY
Bus. Hist.
volume
52
issue
4
pages
590 - 616
Web of Science type
Article
Web of Science id
000280264700004
JCR category
HISTORY OF SOCIAL SCIENCES
JCR impact factor
0.427 (2010)
JCR rank
13/26 (2010)
JCR quartile
3 (2010)
ISSN
0007-6791
DOI
10.1080/00076791003753178
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
1027125
handle
http://hdl.handle.net/1854/LU-1027125
date created
2010-08-20 18:02:56
date last changed
2011-07-06 14:53:41
@article{1027125,
  abstract     = {We investigate the impact of universal banks on the dividend policy of affiliated companies, in an environment characterised by poor investor protection, booming stock markets and strong banks. Our results, based on a unique sample of 428 listed companies in pre-World War I Belgium, are consistent with the hypothesis that companies with good investment opportunities and a bank director on their board paid higher dividends to establish a good reputation with investors. However, our results also indicate that companies with several bank directors and companies in which the bank had an equity stake paid lower dividends.},
  author       = {Deloof, Marc and Roggeman, Annelies and Van Overfelt, Wouter},
  issn         = {0007-6791},
  journal      = {BUSINESS HISTORY},
  keyword      = {UNITED-STATES,ASYMMETRIC INFORMATION,CASH FLOW,GOVERNANCE,FIRMS,20TH-CENTURY,GERMANY,RISE,corporate finance,corporate governance,financial history},
  language     = {eng},
  number       = {4},
  pages        = {590--616},
  title        = {Bank affiliations and corporate dividend policy in pre-World War I Belgium},
  url          = {http://dx.doi.org/10.1080/00076791003753178},
  volume       = {52},
  year         = {2010},
}

Chicago
Deloof, Marc, Annelies Roggeman, and Wouter Van Overfelt. 2010. “Bank Affiliations and Corporate Dividend Policy in pre-World War I Belgium.” Business History 52 (4): 590–616.
APA
Deloof, Marc, Roggeman, A., & Van Overfelt, W. (2010). Bank affiliations and corporate dividend policy in pre-World War I Belgium. BUSINESS HISTORY, 52(4), 590–616.
Vancouver
1.
Deloof M, Roggeman A, Van Overfelt W. Bank affiliations and corporate dividend policy in pre-World War I Belgium. BUSINESS HISTORY. 2010;52(4):590–616.
MLA
Deloof, Marc, Annelies Roggeman, and Wouter Van Overfelt. “Bank Affiliations and Corporate Dividend Policy in pre-World War I Belgium.” BUSINESS HISTORY 52.4 (2010): 590–616. Print.