Keywords: Firm-level governance
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Journal Articles
Managerial Finance (2019) 45 (5): 602–621.
Published: 04 April 2019
... an opportunity to investigate the impact of legal framework on dividends. Some authors consider dividends an outcome of better firm-level internal governance while others argue that dividends substitute for weak firm-level governance practices. Adjaoud and Ben-Amar (2010) show a positive association...

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