THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA

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HUANG, ZITIAN (2017) THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA. [Dissertation (University of Nottingham only)]

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Abstract

This paper aims at examining the effect of corporate governance on dividend policy using a panel data set of total 9085 China’s listed companies over 5 years from 2012 to 2016. Based on agency theory prediction, five panel data linear regression models have been used to explore the relationships between corporate governance variables (the

shareholding of the largest shareholder, ownership concentration, and dividend policy, board size, the ratio of independent director and CEO duality) dividend policy (dividend payout ratio). The empirical results show that except the ratio of independent director, corporate governance mechanism has an impact on dividend policy, but it is not the only factor.

Item Type: Dissertation (University of Nottingham only)
Keywords: Dividend policy in China; Corporate Governance; ownership structure; board structure
Depositing User: Huang, Zitian
Date Deposited: 09 Apr 2018 15:56
Last Modified: 10 Apr 2018 15:50
URI: https://eprints.nottingham.ac.uk/id/eprint/46016

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