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
Official URL: https://mar.uitm.edu.my/
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.
Metadata
Item Type: | Article |
---|---|
Creators: | Creators Email / ID Num. Hewa Wellalage, Nirosha UNSPECIFIED Fouzi, Fitriya UNSPECIFIED Gaoxiang, Wang UNSPECIFIED Basyith, Abdul UNSPECIFIED |
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: | Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI) |
Journal or Publication Title: | Malaysian Accounting Review |
UiTM Journal Collections: | UiTM Journal > Management & Accounting Review (MAR) |
ISSN: | 1675-4077 |
Volume: | 13 |
Number: | 1 |
Page Range: | pp. 109-128 |
Keywords: | Corporate governance, Initial Public offerings (IPO), China |
Date: | 2014 |
URI: | https://ir.uitm.edu.my/id/eprint/13677 |
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