Foreign institutional investors and dividend policy: Evidence from China

Lihong Cao, Yan Du and Jens Ørding Hansen

International Business Review, 2017, vol. 26, issue 5, 816-827

Abstract: This study examines whether foreign institutional investment influences firms’ dividend policies. Using data from all domestically listed nonfinancial firms in China during the period of 2003–2013, we find that foreign shareholding influences dividend decisions and vice versa.

Keywords: Foreign institutional investor; Dividend; Agency theory; Signaling theory; Corporate governance (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:26:y:2017:i:5:p:816-827

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DOI: 10.1016/j.ibusrev.2017.02.001

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