Ownership structure and dividend policy of China's listed companies
This study empirically examines the causes and consequence of the dividend payout decision for China's listed companies. Empirical results show that after controlling for companies' specific characteristics, the unique ownership structure of China's listed companies contributes to the...
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2008
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| Institution: | Nanyang Technological University |
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sg-ntu-dr.10356-21862020-03-20T21:50:24Z Ownership structure and dividend policy of China's listed companies Ju, Fang Cao Yong School of Humanities and Social Sciences DRNTU::Business::Finance::Dividends This study empirically examines the causes and consequence of the dividend payout decision for China's listed companies. Empirical results show that after controlling for companies' specific characteristics, the unique ownership structure of China's listed companies contributes to the dividend payout decision. First, the cash dividend payout decision is driven by the propensity of the non-tradable shareholders, especially the Legal-Person shareholders. Controlling shareholders use cash dividend as a way to liquidate from the listed companies. DOCTOR OF PHILOSOPHY (HSS) 2008-09-16T06:37:17Z 2008-09-16T06:37:17Z 2006 2006 Thesis Ju, F. (2006). Ownership structure and dividend policy of China's listed companies. Doctoral thesis, Nanyang Technological University, Singapore. 10356/2186 10.32657/10356/2186 Nanyang Technological University application/pdf |
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DRNTU::Business::Finance::Dividends |
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DRNTU::Business::Finance::Dividends Ju, Fang Ownership structure and dividend policy of China's listed companies |
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This study empirically examines the causes and consequence of the dividend payout decision for China's listed companies. Empirical results show that after controlling for companies' specific characteristics, the unique ownership structure of China's listed companies contributes to the dividend payout decision. First, the cash dividend payout decision is driven by the propensity of the non-tradable shareholders, especially the Legal-Person shareholders. Controlling shareholders use cash dividend as a way to liquidate from the listed companies. |
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Cao Yong |
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Cao Yong Ju, Fang |
| format |
Theses and Dissertations |
| author |
Ju, Fang |
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Ju, Fang |
| title |
Ownership structure and dividend policy of China's listed companies |
| title_short |
Ownership structure and dividend policy of China's listed companies |
| title_full |
Ownership structure and dividend policy of China's listed companies |
| title_fullStr |
Ownership structure and dividend policy of China's listed companies |
| title_full_unstemmed |
Ownership structure and dividend policy of China's listed companies |
| title_sort |
ownership structure and dividend policy of china's listed companies |
| publishDate |
2008 |
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1681048902951763968 |