Factors Influencing Dividend Payout Ratio in the Chinese Market
Based on the relevant financial indicators of A-share listed companies in Shanghai Stock Exchange from 2012 to 2018, this paper uses the fixed-effect model to study the factors affecting dividend payout ratio. The empirical results prove that the profitability, corporate tax, firm size, shareholder...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2019
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| Online Access: | https://eprints.nottingham.ac.uk/57558/ |
| _version_ | 1848799488200671232 |
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| author | Zhang, Xu Zhang, Xu |
| author_facet | Zhang, Xu Zhang, Xu |
| author_sort | Zhang, Xu |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Based on the relevant financial indicators of A-share listed companies in Shanghai Stock Exchange from 2012 to 2018, this paper uses the fixed-effect model to study the factors affecting dividend payout ratio. The empirical results prove that the profitability, corporate tax, firm size, shareholder ratio, and manufacturing industry have an impact on dividend payout ratio. While liquidity and cash flow do not affect the dividend payout ratio.
Key words: dividend payout ratio, financial indicators, |
| first_indexed | 2025-11-14T20:36:28Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-57558 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:36:28Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-575582022-11-30T13:04:08Z https://eprints.nottingham.ac.uk/57558/ Factors Influencing Dividend Payout Ratio in the Chinese Market Zhang, Xu Zhang, Xu Based on the relevant financial indicators of A-share listed companies in Shanghai Stock Exchange from 2012 to 2018, this paper uses the fixed-effect model to study the factors affecting dividend payout ratio. The empirical results prove that the profitability, corporate tax, firm size, shareholder ratio, and manufacturing industry have an impact on dividend payout ratio. While liquidity and cash flow do not affect the dividend payout ratio. Key words: dividend payout ratio, financial indicators, 2019-12-01 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/57558/1/ID%2014341584-N14031-Factors%20Influencing%20Dividend%20Payout%20Ratio%20%20in%20the%20Chinese%20Market.pdf Zhang, Xu and Zhang, Xu (2019) Factors Influencing Dividend Payout Ratio in the Chinese Market. [Dissertation (University of Nottingham only)] |
| spellingShingle | Zhang, Xu Zhang, Xu Factors Influencing Dividend Payout Ratio in the Chinese Market |
| title | Factors Influencing Dividend Payout Ratio in the Chinese Market |
| title_full | Factors Influencing Dividend Payout Ratio in the Chinese Market |
| title_fullStr | Factors Influencing Dividend Payout Ratio in the Chinese Market |
| title_full_unstemmed | Factors Influencing Dividend Payout Ratio in the Chinese Market |
| title_short | Factors Influencing Dividend Payout Ratio in the Chinese Market |
| title_sort | factors influencing dividend payout ratio in the chinese market |
| url | https://eprints.nottingham.ac.uk/57558/ |