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Study of the Impact of Legal Protection of Investors on the Cash Dividend Policy

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Informatics in Control, Automation and Robotics

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 132))

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Abstract

This paper select both listing in the mainland A-share market and Hong Kong H-share market in 2007, 44, 2008, 50, 2009, 53 companies as samples to study the impact of legal protection of investors on cash dividend policy of A and H share double listed companies. The result shows that the impact of legal protection of investors on cash dividend policy of A and H share double listed companies is significant, which verified the result model of legal protection and dividend policy, and different degrees of legal protection lead to different cash dividends policy between two places.

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References

  1. Fama, E., French, K.: Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay? Journal of Financial Economics 60, 3–43 (2001)

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Author information

Authors and Affiliations

  1. School of Economics and Management, North China Electric Power University, Beijing, China

    Fulian Shi & Ran Li

  2. School of Economics and Business Administration, Zhejiang Sci-tech University, Hangzhou, Zhejiang Province, China

    Jing Guo

Authors
  1. Fulian Shi
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  2. Jing Guo
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  3. Ran Li
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Corresponding author

Correspondence to Fulian Shi .

Editor information

Editors and Affiliations

  1. , School of Electronic Engineering, Wuhan Institute of Technology, Lvting yajing 10-3-102, Wuhan, 430079, China, People's Republic

    Honghua Tan

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© 2011 Springer-Verlag Berlin Heidelberg

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Shi, F., Guo, J., Li, R. (2011). Study of the Impact of Legal Protection of Investors on the Cash Dividend Policy. In: Tan, H. (eds) Informatics in Control, Automation and Robotics. Lecture Notes in Electrical Engineering, vol 132. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-25899-2_77

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  • DOI: https://doi.org/10.1007/978-3-642-25899-2_77

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-25898-5

  • Online ISBN: 978-3-642-25899-2

  • eBook Packages: EngineeringEngineering (R0)

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