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Title: Ownership structure and dividend policy of China's listed companies
Authors: Ju, Fang
Keywords: DRNTU::Business::Finance::Dividends
Issue Date: 2006
Source: Ju, F. (2006). Ownership structure and dividend policy of China's listed companies. Doctoral thesis, Nanyang Technological University, Singapore.
Abstract: 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.
DOI: 10.32657/10356/2186
Rights: Nanyang Technological University
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:HSS Theses

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