English, Article edition: Dividend preference of tradable-share and non-tradable-share holders in Mainland China Louis T. W. Cheng; Hung-Gay Fung; Tak Yan Leung

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/107749
Physical Description
  • article
Language
  • English

Edition details

Title
  • Dividend preference of tradable-share and non-tradable-share holders in Mainland China
Author
  • Louis T. W. Cheng
  • Hung-Gay Fung
  • Tak Yan Leung
Physical Description
  • article
Notes
  • Comprehensive data on corporate announcements of Chinese firms allows us to examine the preference for, and determinants of, cash and stock dividends. The results indicate that Chinese public investors prefer stock dividends over cash dividends, which are preferred by large state and legal person shareholders generally. Stock dividends, which do not require an explicit cash outflow from a firm, are found to be positively related to higher earnings, supporting the signalling hypothesis of dividend policy. In an imperfect market, these results have some implications for government regulation of financial markets. Copyright (c) The Authors. Journal compilation (c) 2009 AFAANZ.
  • RePEc:bla:acctfi:v:49:y:2009:i:2:p:291-316
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment