The Global Financial Crisis, Family Control, and Dividend Policy

2015 ◽  
Vol 45 (2) ◽  
pp. 291-313 ◽  
Author(s):  
Najah Attig ◽  
Narjess Boubakri ◽  
Sadok El Ghoul ◽  
Omrane Guedhami
Keyword(s):  
Financial Crisis ◽  
Dividend Policy ◽  
Global Financial Crisis ◽  
Family Control ◽  
The Global Financial Crisis

Bank dividend policy and the global financial crisis: Empirical evidence from Europe

2014 ◽  
Vol 34 ◽  
pp. S25-S31 ◽  
Author(s):  
Tobias Basse ◽  
Sebastian Reddemann ◽  
Johannes-Jörg Riegler ◽  
J.-Matthias Graf von der Schulenburg
Keyword(s):  
Financial Crisis ◽  
Empirical Evidence ◽  
Dividend Policy ◽  
Global Financial Crisis ◽  
The Global Financial Crisis

scholarly journals Family Control and Earnings Management: An Empirical Analysis of the Lebanese Banking Sector

2019 ◽  
Vol 9 (4) ◽  
pp. 124
Author(s):  
Ekramy S. Mokhtar ◽  
Ali M. Elharidy
Keyword(s):  
Financial Crisis ◽  
Earnings Management ◽  
Board Of Directors ◽  
Commercial Banks ◽  
Management Practices ◽  
Global Financial Crisis ◽  
Capital Adequacy ◽  
Board Size ◽  
Family Control ◽  
The Global Financial Crisis

This study aims to examine the relationship between board of directors’ characteristics, family control and earnings management practices in Lebanese commercial banks during 2008 to 2016. The characteristics of the board of directors are board size and role duality. Also, the study aims to identify earnings management practices during and after the global financial crisis. Earnings management was measured using discretionary accruals estimated by loan losses provision. The population for the study consists of Lebanese commercial banks registered with the Banque du Liban, which provided 182 bank/year observations during the study period. The results of the study indicate that Lebanese commercial banks with a relatively larger family control are more involved in earnings management practices. The study demonstrates that self-interest overrides common interests, leading the controlling family to maximize its own benefits at the expense of minority owners, resulting in more earnings management practices. In addition, capital adequacy and board size have significant positive influence on earnings management. Earnings management practices were not affected by role duality and bank size. Further, maintaining profitability was found to have a significant impact on earnings management practices. Finally, the results of the study indicate that Lebanese commercial banks became involved in earnings management practices after the global financial crisis compared to the period during the crisis.

Dividend policy and the global financial crisis: empirical evidence from the Italian insurance industry

2010 ◽  
Vol 100 (1) ◽  
pp. 131-140 ◽  
Author(s):  
Tobias Basse ◽  
Sebastian Reddemann ◽  
Johannes-Jörg Riegler ◽  
J.-Matthias Graf von der Schulenburg
Keyword(s):  
Financial Crisis ◽  
Empirical Evidence ◽  
Dividend Policy ◽  
Global Financial Crisis ◽  
Insurance Industry ◽  
The Global Financial Crisis

scholarly journals Dividend Payout Policy and Global Financial Crisis: A Study on Malaysian Non-Financial Listed Companies

2021 ◽  
Vol 14 (1) ◽  
pp. 145-170
Author(s):  
Tze-Haw Chan ◽  
Hooi-Laing Boo ◽  
Ruhani Ali
Keyword(s):  
Financial Crisis ◽  
Dividend Policy ◽  
Global Financial Crisis ◽  
Policy Implications ◽  
Future Research ◽  
Dividend Payout ◽  
Dividend Policies ◽  
Financial Index ◽  
The Global Financial Crisis ◽  
The Impact

Manuscript type: Research paper Research aims: This paper examines the impact of the global financial crisis on Malaysia non-financial index firms’ dividend policies. Design/Methodology/Approach: This paper used panel data of 495 firm-year observations of Malaysian non-financial index firms from 2006 to 2016. Research findings: Our findings indicate that firms adjust their dividend policies during the pre-crisis and post-crisis periods; more profitable and larger firms are more likely to distribute their dividend payouts, whereas firms with higher leverage are more likely to omit their dividends. Moreover, dividend policies that will increase firms’ valuation are adopted in Malaysia. This is reflected in the signalling theory with evidence that higher profitability exerts a positive influence on firms’ propensity to increase and/or maintain dividends over different study periods, implying that markets attach a high valuation to firms that can pay, especially during the crisis period. We also find the role of catering theory and smoothing hypothesis lost relevance in both crisis and non-crisis periods. Thus, the catering theory and smoothing hypothesis were not supported in Malaysia. Theoretical contribution/Originality: This study investigates the impact of the global financial crisis on Malaysia non-financial index firms’ dividend policies. This paper suggestion can act as a catalyst to more comprehensive and detailed researches and studies on dividend policy in any economic landscapes. Practitioner/Policy implications: This paper may also guide companies on the structure and use of dividend distribution over the precrisis, during the crisis, and post-crisis periods. Research limitation/Implications: One limitation of the study is that the measures used for dividend payout determinants are only based on the theory investigated. These measures may not completely reflect all the payout determinants. Future research could address this limitation by employing other factors in the study of dividend policy such as inflation, economic growth, and corporate governance.

On the formation of a New Paradigm of fiscal Policy

2013 ◽  
pp. 152-158 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Domestic Demand ◽  
Real Economy ◽  
New Paradigm ◽  
Monetary Aggregate ◽  
The Past ◽  
The Global Financial Crisis

Due to Russia’s exit from the global financial crisis, the fiscal policy of withdrawing windfall spending has exhausted its potential. It is important to refocus public finance to the real economy and the expansion of domestic demand. For this goal there is sufficient, but not realized financial potential. The increase in fiscal spending in these areas is unlikely to lead to higher inflation, given its actual trend in the past decade relative to M2 monetary aggregate, but will directly affect the investment component of many underdeveloped sectors, as well as the volume of domestic production and consumer demand.

ASPEK ETIK DAN SISTEMIK DALAM EKONOMI DAN BISNIS ISLAM

ALQALAM ◽  
2014 ◽  
Vol 31 (1) ◽  
pp. 187
Author(s):  
Budi Harsanto
Keyword(s):  
Financial Crisis ◽  
Business Ethics ◽  
Moral Hazard ◽  
Global Financial Crisis ◽  
Financial Institution ◽  
Research Question ◽  
Academic Journals ◽  
Lehman Brothers ◽  
The World ◽  
The Global Financial Crisis

The fall of Enron, Lehman Brothers and other major financial institution in the world make researchers conduct various studies about crisis. The research question in this study is, from Islamic economics and business standpoint, why the global financial crisis can happen repeatedly. The purpose is to contribute ideas regarding Islamic viewpoint linked with the global financial crisis. The methodology used is a theoretical-reflective to various article published in academic journals and other intellectual resources with relevant themes. There are lots of analyses on the causes of the crisis. For discussion purposes, the causes divide into two big parts namely ethics and systemic. Ethics contributed to the crisis by greed and moral hazard as a theme that almost always arises in the study of the global financial crisis. Systemic means that the crisis can only be overcome with a major restructuring of the system. Islamic perspective on these two aspect is diametrically different. At ethics side, there is exist direction to obtain blessing in economics and business activities. At systemic side, there is rule of halal and haram and a set of mechanism of economics system such as the concept of ownership that will early prevent the seeds of crisis. Keywords: Islamic economics and business, business ethics, financial crisis 

Mobilising resiliency in times of economic hardship: Emerging themes in migrant worker remittance payments

2014 ◽  
Vol 7 (2) ◽  
pp. 159-167
Author(s):  
Kevin Garlan
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Migrant Worker ◽  
Economic Hardship ◽  
Priority Areas ◽  
Mobile Payments ◽  
Payment Methods ◽  
The Future ◽  
Emerging Themes ◽  
The Global Financial Crisis

This paper analyses the nexus of the global financial crisis and the remittance markets of Mexico and India, along with introducing new and emerging payment technologies that will help facilitate the growth of remittances worldwide. Overall resiliency is found in most markets but some are impacted differently by economic hardship. With that we also explore the area of emerging payment methods and how they can help nations weather this economic strife. Mobile payments are highlighted as one of the priority areas for the future of transferring monetary funds, and we assess their ability to further facilitate global remittances.

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