Analysis of Determinants Affecting Cash Dividends Policy of Listed Producing Companies in China

Xiao-yan Liu () and Xiao-ming Liu
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Xiao-yan Liu: North China Electric Power University
Xiao-ming Liu: North China Electric Power University

Chapter Chapter 44 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 399-403 from Springer

Abstract: Abstract Distributing cash dividends is the main means of paying cash to shareholders. Correct cash dividends policy contributes to benefiting the companies in many aspects such as the increase of the firm value. Also because the institutional background of China’s corporate sector is unique, the situation of factors that affecting the cash dividends policy in China remains complicated and different from foreign countries. Therefore, we engage to seek the factors that play an important role on cash dividends paid. The analytic and empirical research result shows that the profitability is significantly related to cash dividends while size and growth have negative relationship with cash dividends paid in producing listed companies. This is helpful for listed firm regulators and management, as well as investors.

Keywords: Cash dividends; Profitability; Growth; Liquidity; Size (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38433-2_44

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DOI: 10.1007/978-3-642-38433-2_44

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