Study of the impact of legal protection of investors on the cash dividend policy

Abstract

This paper select both listing in the mainland A-share market and Hong Kong H-share market in 2007, 44, 2008, 50, 2009, 53 companies as samples to study the impact of legal protection of investors on cash dividend policy of A and H share double listed companies. The result shows that the impact of legal protection of investors on cash dividend policy of A and H share double listed companies is significant, which verified the result model of legal protection and dividend policy, and different degrees of legal protection lead to different cash dividends policy between two places. © 2011 Springer-Verlag.