Chapter

Conclusion

Luis Correia Da Silva, Marc Goergen and Luc Renneboog

in Dividend Policy and Corporate Governance

Published in print February 2004 | ISBN: 9780199259304
Published online April 2004 | e-ISBN: 9780191600852 | DOI: http://dx.doi.org/10.1093/0199259305.003.0009
 Conclusion

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The study provides new interesting results that are important for the ongoing debate about the best possible corporate governance system. Although, recently, the Continental European system of corporate governance has somehow fallen into disrepute, the system has some clear advantages as compared to the main competing system, the Anglo‐American system. One of these advantages is that the average firm in Continental European does not have to rely on costly dividend signalling.

Keywords: convergence of corporate governance systems; corporate control; corporate governance; corporate ownership; dividend policy; Germany; UK; US

Chapter.  2926 words. 

Subjects: Financial Markets

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