Continuous cash dividends, ownership structure and firm value: Evidence from Chinese A-share market.
other
Where this comes from
- Record sourced from PubMed, PMID 35298495.
- Also identified by DOI 10.1371/journal.pone.0265177 and PMC identifier 8929645.
- No licence information is recorded for this record.
- Because redistribution is not established, this page shows the abstract only. Follow the links below for the full text.
Abstract
This paper examines the relation between continuous cash dividends, ownership structure and firm value across a sample of 1503 firms listed on Chinese A-share market from 2009 to 2017. The empirical results reveal (1) the positive effect of continuous cash dividends on firm value and that (2) values of both state-owned enterprises controlled by central government (SOECGs) and state-owned enterprises controlled by local governments (SOELGs) that distribute continuous cash dividends increase more with ownership concentration than values of those that distribute discontinuous cash dividends; continuous cash dividends fail to mediate the effect of ownership concentration on firm value in private firms (PFs). The results are robust.
Medical subject headings
- Financial Statements
- Ownership