Private placements, cash dividends and interests transfer: Empirical evidence from Chinese listed firms
Access Status
Open access
Authors
Zhao, Y.
Xia, X.
Tang, X.
Cao, W.
Liu, X.
Fan, Ying Han
Date
2015Type
Journal Article
Metadata
Show full item recordCitation
Zhao, Y. and Xia, X. and Tang, X. and Cao, W. and Liu, X. and Fan, Y.H. 2015. Private placements, cash dividends and interests transfer: Empirical evidence from Chinese listed firms. International Review of Economics and Finance. 35: pp. 107-118.
Source Title
International Review of Economics and Finance
ISSN
School
School of Accounting
Collection
Abstract
In this paper, the relationship between private placements of common stocks and cash dividendsfor Chinese listed firms is investigated. It finds that Chinese listed firms pay more cash dividendsafter private placements than do those that are not involved in placements. Firms with largeshareholders participating in private placements pay more cash dividends than those withoutlarge shareholder participation. These results indicate that the firms controlled by large shareholders have a high propensity for interests transfer in their cash dividend policies.
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