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

By exploring a natural experiment where the Chinese regulatory body introduced a dividend regulatory change, this paper … investigates wealth effects of dividend regulation which increases firms' dividends. The efficient contract viewpoint of dividends … suggests that the observed dividend level is associated with firm value maximization. This viewpoint predicts that any dividend …

Since 2001, the China Securities Regulatory Commission has implemented a series of policies to ensure that dividend … payments constitute a prerequisite of equity financing. This is known as the semi-mandatory dividend policy. Using a sample of … this is not consistent with the classical dividend theorem, it can be explained by the semi-mandatory dividend policy and …

restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …

connecting countries around the world. Portfolio investment from developed countries to firms in large emerging markets is … in Chinese firms by nearly 600 billion dollars, while China’s official net creditor position to the rest of the world is …