Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]
This paper investigates the relationship between corporate governance mechanisms and cash dividend payment in newly listed firms in China. Using 142 initial public offerings (IPO) listed on the Shenzhen Stock Exchange (SZSE), a dynamic panel Tobit regression is employed. The result shows that large...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Accounting Research Institute (ARI), Faculty of Accountancy & UiTM Press
2014
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/13677/ |
| _version_ | 1848803291903819776 |
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| author | Hewa Wellalage, Nirosha Fouzi, Fitriya Gaoxiang, Wang Basyith, Abdul |
| author_facet | Hewa Wellalage, Nirosha Fouzi, Fitriya Gaoxiang, Wang Basyith, Abdul |
| author_sort | Hewa Wellalage, Nirosha |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | This paper investigates the relationship between corporate governance mechanisms and cash dividend payment in newly listed firms in China. Using 142 initial public offerings (IPO) listed on the Shenzhen Stock Exchange (SZSE), a dynamic panel Tobit regression is employed. The result shows
that large, profitable IPOs with large boards and a high proportion of independent and female directors and CEO duality are willing to pay high dividends to their shareholders. This study indicates the requirement for the promulgation or streamlining of corporate laws in emerging markets to reduce the possibility of expropriation of minority shareholders by politically powered large shareholders. |
| first_indexed | 2025-11-14T21:36:55Z |
| format | Article |
| id | uitm-13677 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:36:55Z |
| publishDate | 2014 |
| publisher | Accounting Research Institute (ARI), Faculty of Accountancy & UiTM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-136772016-06-30T09:26:36Z https://ir.uitm.edu.my/id/eprint/13677/ Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] mar Hewa Wellalage, Nirosha Fouzi, Fitriya Gaoxiang, Wang Basyith, Abdul Malaysia Corporations, Chinese This paper investigates the relationship between corporate governance mechanisms and cash dividend payment in newly listed firms in China. Using 142 initial public offerings (IPO) listed on the Shenzhen Stock Exchange (SZSE), a dynamic panel Tobit regression is employed. The result shows that large, profitable IPOs with large boards and a high proportion of independent and female directors and CEO duality are willing to pay high dividends to their shareholders. This study indicates the requirement for the promulgation or streamlining of corporate laws in emerging markets to reduce the possibility of expropriation of minority shareholders by politically powered large shareholders. Accounting Research Institute (ARI), Faculty of Accountancy & UiTM Press 2014 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/13677/1/AJ_NIROSHA%20HEWA%20WELLALAGEA%20MAR%2014.pdf Hewa Wellalage, Nirosha and Fouzi, Fitriya and Gaoxiang, Wang and Basyith, Abdul (2014) Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.]. (2014) Malaysian Accounting Review <https://ir.uitm.edu.my/view/publication/Malaysian_Accounting_Review.html>, 13 (1). pp. 109-128. ISSN 1675-4077 https://mar.uitm.edu.my/ |
| spellingShingle | Malaysia Corporations, Chinese Hewa Wellalage, Nirosha Fouzi, Fitriya Gaoxiang, Wang Basyith, Abdul Corporate governance and cash dividend policy : evidence from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] |
| title | Corporate governance and cash dividend policy : evidence
from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] |
| title_full | Corporate governance and cash dividend policy : evidence
from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] |
| title_fullStr | Corporate governance and cash dividend policy : evidence
from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] |
| title_full_unstemmed | Corporate governance and cash dividend policy : evidence
from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] |
| title_short | Corporate governance and cash dividend policy : evidence
from Chinese IPOs / Nirosha Hewa Wellalage … [et al.] |
| title_sort | corporate governance and cash dividend policy : evidence
from chinese ipos / nirosha hewa wellalage … [et al.] |
| topic | Malaysia Corporations, Chinese |
| url | https://ir.uitm.edu.my/id/eprint/13677/ https://ir.uitm.edu.my/id/eprint/13677/ |