THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA
This paper aims at examining the effect of corporate governance on dividend policy using a panel data set of total 9085 China’s listed companies over 5 years from 2012 to 2016. Based on agency theory prediction, five panel data linear regression models have been used to explore the relationships bet...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2017
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| Online Access: | https://eprints.nottingham.ac.uk/46016/ |
| _version_ | 1848797239144611840 |
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| author | HUANG, ZITIAN |
| author_facet | HUANG, ZITIAN |
| author_sort | HUANG, ZITIAN |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper aims at examining the effect of corporate governance on dividend policy using a panel data set of total 9085 China’s listed companies over 5 years from 2012 to 2016. Based on agency theory prediction, five panel data linear regression models have been used to explore the relationships between corporate governance variables (the
shareholding of the largest shareholder, ownership concentration, and dividend policy, board size, the ratio of independent director and CEO duality) dividend policy (dividend payout ratio). The empirical results show that except the ratio of independent director, corporate governance mechanism has an impact on dividend policy, but it is not the only factor. |
| first_indexed | 2025-11-14T20:00:43Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-46016 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:00:43Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-460162018-04-10T15:50:57Z https://eprints.nottingham.ac.uk/46016/ THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA HUANG, ZITIAN This paper aims at examining the effect of corporate governance on dividend policy using a panel data set of total 9085 China’s listed companies over 5 years from 2012 to 2016. Based on agency theory prediction, five panel data linear regression models have been used to explore the relationships between corporate governance variables (the shareholding of the largest shareholder, ownership concentration, and dividend policy, board size, the ratio of independent director and CEO duality) dividend policy (dividend payout ratio). The empirical results show that except the ratio of independent director, corporate governance mechanism has an impact on dividend policy, but it is not the only factor. 2017-09-12 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/46016/1/Zitian%20Huang.pdf HUANG, ZITIAN (2017) THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA. [Dissertation (University of Nottingham only)] Dividend policy in China; Corporate Governance; ownership structure; board structure |
| spellingShingle | Dividend policy in China; Corporate Governance; ownership structure; board structure HUANG, ZITIAN THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA |
| title | THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA |
| title_full | THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA |
| title_fullStr | THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA |
| title_full_unstemmed | THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA |
| title_short | THE IMPACT OF CORPORATE GOVERNANCE ON DIVIDEND POLICY IN CHINA |
| title_sort | impact of corporate governance on dividend policy in china |
| topic | Dividend policy in China; Corporate Governance; ownership structure; board structure |
| url | https://eprints.nottingham.ac.uk/46016/ |