Shareholder wealth effect of dividend policy: Empirical evidence from the Chinese securities market

2Citations
Citations of this article
20Readers
Mendeley users who have this article in their library.

This article is free to access.

Abstract

Based on the special separated equity management structure of the listed companies in China and using a sample of the listed companies with distributed dividend in 2003 and 2004, this paper tests the shareholder wealth effects of dividend policy in Chinese separated equity market. Results show that shareholders of non-circulating stock get a high return rate by cash dividends, and circulating shareholders obtain a high short-term return rate by stock dividends. © Higher Education Press and Springer-Verlag 2007.

Cite

CITATION STYLE

APA

Yi, Y., Ke, D., & Zhang, X. (2007). Shareholder wealth effect of dividend policy: Empirical evidence from the Chinese securities market. Frontiers of Business Research in China, 1(3), 437–455. https://doi.org/10.1007/s11782-007-0026-8

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free