level of holdings by the largest shareholders, the lower the dividend payout. Moreover, companies with the State and Foreign … investors as the largest shareholders have higher dividend payout ratio than companies with local investors and managers as the …This study investigates the relationship between the level of shareholdings and identities of the largest shareholders …

percent of the top 5 shareholders and counterbalance mechanism among blockholders on cash dividend distribution of listed … tunneling of cash dividend distribution. Lastly, the paper proposes five suggestions to restrict controlling shareholders to … enlist private interests from tunneling of cash dividend and to protect rights and interests of small and medium shareholders …

We investigated the relation between changes in cash dividend payments, non-public tradable shares, and the percentage …-publicly tradable shares. These results suggest that Chinese controlling shareholders' preferences for cash dividends is attributable to …