Sarwar, Bushra; Kutan, Ali; Ming, Xiao; Husnain, Muhammad - In: International Journal of Emerging Markets 15 (2019) 3, pp. 559-586
Purpose: The purpose of this paper is to examine the importance of market imperfection, namely, variation in managerial ability (MA), on dividend policy in China. The authors focus on the Chinese market as it is dominated by state-owned enterprises and test whether the association between MA...