Departing from the traditional cash flow rights-dividend policy framework, this study investigates whether the level of … their cash dividend policy. We find that the level of control rights is positively associated with both the propensity to … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use …

impact of family control, institutional environment and their interaction on the cash dividend policy of listed companies …. Our results indicate that (1) family firms have a lower cash dividend payout ratio and propensity to pay dividends than … dividend payout ratio and propensity to pay dividends of listed companies; and (3) the impact of the regional institutional …

We investigated the relation between changes in cash dividend payments, non-public tradable shares, and the percentage …

. This paper investigates whether and how dividend-related MSA affects corporate dividend policies. We find listed firms are … checks. We establish a causal relationship between MSA and future dividend payouts, with both instrumental variable approach …

financing to show a history of dividend payment. Using a sample of listed Chinese firms, we investigate the likelihood of paying … dividends, different forms of dividends and market reactions to various dividend announcements. We find that profitable, low … to investor demands in setting dividend policy; hence firms with a large proportion of non-tradable shares are more …

This study investigates the impact of ownership structure on dividend policies of listed companies in the Shanghai … decreases when institutions hold more shares. It is also found that the magnitude of dividend payouts has a positive …

Investigating the impact of three types of state ownership on firms' dividend pay-out decisions for the first time …, this study focuses on the differences in dividend pay-out behavior among various state ultimate owners. It has been found … more likely to pay a dividend than the firms controlled by private ultimate owners. Central enterprises are no more likely …