Lam, Kevin C. K.; Sami, Heibatollah; Zhou, Haiyan - In: China journal of accounting research : CJAR 5 (2012) 3, pp. 199-216
cash dividends and less likely to pay stock dividends. Using firms from an emerging economy (China), we examine whether … activities for firms with the ability to raise capital from outside of China. Consistent with the tunneling effect, we find that …