Factors Influencing Dividend Payout Ratio in the Chinese Market

Zhang, Xu and Zhang, Xu (2019) Factors Influencing Dividend Payout Ratio in the Chinese Market. [Dissertation (University of Nottingham only)]

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Abstract

Based on the relevant financial indicators of A-share listed companies in Shanghai Stock Exchange from 2012 to 2018, this paper uses the fixed-effect model to study the factors affecting dividend payout ratio. The empirical results prove that the profitability, corporate tax, firm size, shareholder ratio, and manufacturing industry have an impact on dividend payout ratio. While liquidity and cash flow do not affect the dividend payout ratio.

Key words: dividend payout ratio, financial indicators,

Item Type: Dissertation (University of Nottingham only)
Depositing User: Zhang, Xu
Date Deposited: 30 Nov 2022 13:04
Last Modified: 30 Nov 2022 13:04
URI: https://eprints.nottingham.ac.uk/id/eprint/57558

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