Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]

Hewa Wellalage, Nirosha and Fouzi, Fitriya and Gaoxiang, Wang and Basyith, Abdul (2014) Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]. Malaysian Accounting Review, 13 (1). pp. 109-128. ISSN 1675-4077

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Abstract

This paper investigates the relationship between corporate governance mechanisms and cash dividend payment in newly listed firms in China. Using 142 initial public offerings (IPO) listed on the Shenzhen Stock Exchange (SZSE), a dynamic panel Tobit regression is employed. The result shows that large, profitable IPOs with large boards and a high proportion of independent and female directors and CEO duality are willing to pay high dividends to their shareholders. This study indicates the requirement for the promulgation or streamlining of corporate laws in emerging markets to reduce the possibility of expropriation of minority shareholders by politically powered large shareholders.

Item Type: Article
Creators:
CreatorsEmail
Hewa Wellalage, NiroshaUNSPECIFIED
Fouzi, FitriyaUNSPECIFIED
Gaoxiang, WangUNSPECIFIED
Basyith, AbdulUNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporate organization. Corporate governance > Malaysia
H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporations, Chinese
Divisions: Accounting Research Institute (ARI)
Journal or Publication Title: Malaysian Accounting Review
ISSN: 1675-4077
Volume: 13
Number: 1
Page Range: pp. 109-128
Item ID: 13677
Uncontrolled Keywords: Corporate governance, Initial Public offerings (IPO), China
Last Modified: 30 Jun 2016 09:26
Depositing User: Staf Pendigitalan 1
URI: http://ir.uitm.edu.my/id/eprint/13677

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