Li, Weiping; Dong, Qianlin; Cheng, Shuyi; Ren, Xiaohang - 2022
Based on China-listed firms, we investigate the relationship between air pollution and dividend payout. We document … public attention. In response, firms increase their dividend payments. Our results reject the hypothesis that air pollution … that the increase in dividend payout is weaker in state-owned enterprises, but is not affected by the heavily …