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- W2370887492 abstract "This paper gives a theoretical and empirical study about the relationship between ownership structure and corporate cash holdings based on corporate governance,using the panel data of China's listed companies.The empirical tests show that the cash dividend payment ratio has significantly positive relationship with the proportion of management shareholding and ownership concentration(including the share proportion of the first block shareholder),and is positively correlated with the proportion of state shares.The empirical tests also show that the cash payment ratio may be negatively correlated with the proportion of institutional shares and tradable A shares,but the relationship is much insignificant." @default.
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- W2370887492 date "2005-01-01" @default.
- W2370887492 modified "2023-09-26" @default.
- W2370887492 title "The Relationship Between Ownership Structure and Corporate Dividend Policy Choice: A Theoretical and Empirical Study" @default.
- W2370887492 hasPublicationYear "2005" @default.
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