Payout Policy and Agency Concerns: A Study on Differences in Payout Ratios and Payout Mix between Dual and Single-Class Firms
Purpose: The purpose of this study is to investigate if there is any difference in payout policies between firms that adopt a dual-class share structure compared to a single-class share structure. Methodology: We are using an unbalanced panel data set of firms that are listed on the Stockholm Stock Exchange (SSE). The econometric approach is based on pooled ordinary least square regressions, rand