This study compares the cash dividend policy of Chinese firms listed in Hong Kong and on the Mainland. It shows that, in both groups, firms that have higher managerial membership on the board tend to pay lower cash dividends. The relation is stronger in Mainland-listed firms, indicating that...

This study examines whether firms incorporated in mainland China benefit from cross-listing in Hong Kong, China. The Hong Kong Stock Market has more stringent rules regarding corporate governance and a better system of investor protection than the mainland market. Hong Kong companies generally...