TY  - CHAP
AB  - Using 3,994 observations of Chinese listed firms from 1995 to 2001, we find a significantly positive correlation between state ownership and cash dividend payment, and a significantly positive relation between private ownership and stock dividend payment. In particular, we find that the relation between dividend payment level and ownership structure is nonlinear. The higher the proportion of state ownership, the higher the cash dividend rate. The higher the proportion of private ownership, the higher the stock dividend rate. We conclude that the managers of Chinese listed companies are likely to cater for the preference of different shareholders.
VL  - 9
SN  - 978-0-76231-133-0, 978-1-84950-289-4/1569-3732
DO  - 10.1016/S1569-3732(04)09008-5
UR  - https://doi.org/10.1016/S1569-3732(04)09008-5
AU  - Gang Wei Jim
AU  - Zhang Weiguo
AU  - ZeZhong Xiao Jason
ED  - Mark Hirschey
ED  - Kose John and
ED  - Anil  K. Makhija
PY  - 2004
Y1  - 2004/01/01
TI  - DIVIDEND PAYMENT AND OWNERSHIP STRUCTURE IN CHINA
T2  - Corporate Governance
T3  - Advances in Financial Economics
PB  - Emerald Group Publishing Limited
SP  - 187
EP  - 219
Y2  - 2024/04/18
ER  -