Corporate Governance and Cash Dividend Policy in China:An Empirical Analysis

摘要：

　　This paper provides an empirical analysis about the relationship of corporate governance and cash dividend policy in China.The results show that equity structure and the cash dividends are related.Other factors such as executive pay are related to cash dividends.This paper also analyzes the requirement of cash dividends on behalf of the corporate governance or big shareholders Tunnel behavior condition.This paper also discusses whether the cash dividend policy stands for the protection of shareholders or as a means of plunder,and put forward the effectiveness judgment of cash dividend policy from the view of corporate governance.

关键词： Corporate governance cash dividend Shareholders equity

作者: Qi wu1

作者单位: 1School of Economics and Management, Beijing Jiao Tong University(BJTU)

会议类型: 国际会议

会议名称: The Twelfth Wuhan International Conference on E-Business(第十二届武汉电子商务国际会议)

会议地点: 武汉

会议语种:英文

页码: 166-173

在线出版日期: 2013-05-25（万方平台首次上网日期，不代表论文的发表时间）