Dividend decisions in Family Businesses
A new academic article by Prof. dr. Anneleen Michiels (Hasselt University) and Vincent Molly (KU Leuven) explores the issue of dividends in family businesses. This topic is very relevant for the governance of family firms, given the complex relations between active and passive shareholders. Thanks to a review of the extant literature, the authors try to answer three main questions:
- Do family firms pay dividends more often than non-family firms?
- Do family firms pay higher dividends than nonfamily firms?
- Do family firms distribute more stable dividends than nonfamily firms?
