Main Article Content
This paper investigates the relationship between corporate governancemechanisms and cash dividend payment in newly listed firms in China. Using142 initial public offerings (IPO) listed on the Shenzhen Stock Exchange(SZSE), a dynamic panel Tobit regression is employed. The result showsthat large, profitable IPOs with large boards and a high proportion ofindependent and female directors and CEO duality are willing to pay highdividends to their shareholders. This study indicates the requirement forthe promulgation or streamlining of corporate laws in emerging markets toreduce the possibility of expropriation of minority shareholders by politicallypowered large shareholders.
How to Cite
WELLALAGEA, Nirosha Hewa et al. Corporate Governance and Cash Dividend Policy: Evidence from Chinese IPOs. Management & Accounting Review (MAR), [S.l.], v. 13, n. 1, p. 109-128, june 2014. ISSN 2550-1895. Available at: <http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/21>. Date accessed: 24 mar. 2019.