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    Private placements, cash dividends and interests transfer: Empirical evidence from Chinese listed firms

    227200_227200.pdf (560.5Kb)
    Access Status
    Open access
    Authors
    Zhao, Y.
    Xia, X.
    Tang, X.
    Cao, W.
    Liu, X.
    Fan, Ying Han
    Date
    2015
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    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
    DOI
    10.1016/j.iref.2014.11.011
    ISSN
    1059-0560
    School
    School of Accounting
    URI
    http://hdl.handle.net/20.500.11937/12580
    Collection
    • Curtin Research Publications
    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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