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• W2493859988 abstract "This study examines the relationship among information asymmetry, dividend policy and ownership structure for Chinese listed firms from 2003 to 2012. We find that firms with higher information asymmetry are less likely to pay dividends. Further, the sample is divided into state-controlled and non-state-controlled firms, and the results show that state-controlled firms with higher information asymmetry would pay higher dividends compared to non-state-controlled firms. In addition, we find that the split share structure reform enhanced information transparency, leading to a positive moderating effect on the relation between information asymmetry and dividend policy." @default.
• W2493859988 created "2016-08-23" @default.
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• W2493859988 date "2017-02-01" @default.
• W2493859988 modified "2023-10-17" @default.
• W2493859988 title "The relationship among information asymmetry, dividend policy and ownership structure" @default.
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• W2493859988 doi "https://doi.org/10.1016/j.frl.2016.06.008" @default.
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