ling, xiaoting; Shan, Yuan George; Wu, Wuqing; Zhang, Lu - 2022
This study is motivated by the research gap concerning cash dividend payouts in China. To fill this gap, we explore the impact of overpaid dividends on future stock price crash risk. We use a dataset of 2,662 firms with 15,416 firm-year observations of China’s A-share listed firms for the...