Empirical Study on Impacting Factors on Cash Dividends Before and after the Reform of Share Rights Splitting

摘要：

Our study on ownership structure variables and board of director structure variables which influence cash dividends before and after the reform of share rights splitting demonstrates that the cash dividends of China s listed companies do not possess the characteristics of the instrument which can reduce agency costs between controlling shareholders and minority shareholders in liquid capital markets yet.

关键词： Cash dividends Reform of share rights splitting Ownership structure Board structure

作者: Dang Hong

作者单位: School of Management,Zhejiang University,310058

会议类型: 国际会议

会议名称: 2008杭州技术管理研讨会(MOT 2008)

会议地点: 杭州

会议语种:英文

页码: 519-529

在线出版日期: 2008-04-21（万方平台首次上网日期，不代表论文的发表时间）