Lam, Kevin C. K.; Sami, Heibatollah; Zhou, Haiyan - In: China journal of accounting research : CJAR 5 (2012) 3, pp. 199-216
In this paper, we investigate if dividend policy is influenced by ownership type. Within the dividend literature, dividends have a signaling role regarding agency costs, such that dividends may diminish insider conflicts (reduce free cash flow) or may be used to extract cash from firms...
