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

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

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...

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Main Authors: Hewa Wellalage, Nirosha, Fouzi, Fitriya, Gaoxiang, Wang, Basyith, Abdul
Format: Article
Language:English
Published: Accounting Research Institute (ARI), Faculty of Accountancy & UiTM Press 2014
Subjects:
Malaysia
Corporations, Chinese
Online Access:http://ir.uitm.edu.my/id/eprint/13677/
http://ir.uitm.edu.my/id/eprint/13677/1/AJ_NIROSHA%20HEWA%20WELLALAGEA%20MAR%2014.pdf
id uitm-13677
recordtype eprints
spelling uitm-136772016-06-30T09:26:36Z http://ir.uitm.edu.my/id/eprint/13677/ Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] Hewa Wellalage, Nirosha Fouzi, Fitriya Gaoxiang, Wang Basyith, Abdul Malaysia Corporations, Chinese 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. Accounting Research Institute (ARI), Faculty of Accountancy & UiTM Press 2014 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13677/1/AJ_NIROSHA%20HEWA%20WELLALAGEA%20MAR%2014.pdf 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
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Malaysia
Corporations, Chinese
spellingShingle Malaysia
Corporations, Chinese
Hewa Wellalage, Nirosha
Fouzi, Fitriya
Gaoxiang, Wang
Basyith, Abdul
Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
description 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.
format Article
author Hewa Wellalage, Nirosha
Fouzi, Fitriya
Gaoxiang, Wang
Basyith, Abdul
author_facet Hewa Wellalage, Nirosha
Fouzi, Fitriya
Gaoxiang, Wang
Basyith, Abdul
author_sort Hewa Wellalage, Nirosha
title Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
title_short Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
title_full Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
title_fullStr Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
title_full_unstemmed Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
title_sort corporate governance and cash dividend policy : evidence from chinese ipos / nirosha hewa wellalage … [et al.]
publisher Accounting Research Institute (ARI), Faculty of Accountancy & UiTM Press
publishDate 2014
url http://ir.uitm.edu.my/id/eprint/13677/
http://ir.uitm.edu.my/id/eprint/13677/1/AJ_NIROSHA%20HEWA%20WELLALAGEA%20MAR%2014.pdf
first_indexed 2023-09-18T22:50:09Z
last_indexed 2023-09-18T22:50:09Z
_version_ 1777417490049007616

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