Wei, Zhihua; Wu, Shinong; Li, Changqing; Chen, Wei - In: China Journal of Accounting Research 4 (2011) 1/2, pp. 29-46
Using a sample of 1486 Chinese A-share listed companies for the period 2004-2008, this study empirically tests the 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...