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Dividends in China

Dedman, Elisabeth and Jiang, Wei (2015) Dividends in China In: Experiences and Challenges in the Development of the Chinese Capital Market. Palgrave Macmillan, London, pp. 68-88. ISBN 978-1-349-56042-4 Online ISBN: 978-1-137-45463-8

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Why do firms pay dividends? This is a question that has long interested researchers, particularly since the dividend irrelevance proposition of Miller and Modigliani (1961) because, even though their theory (which relies on several assumptions) suggests investors are indifferent between a dollar distributed and a dollar retained in the firm, companies do pay dividends and this seems to be important to investors.

Item Type: Book Section
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
Jiang, Wei
Editors :
Cumming, D
Guariglia, A
Hou, W
Lee, E
Date : 2015
DOI : 10.1057/9781137454638_4
Copyright Disclaimer : © Elisabeth Dedman and Wei Jiang 2015
Depositing User : Melanie Hughes
Date Deposited : 16 Nov 2018 17:08
Last Modified : 16 Nov 2018 17:08

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