Dividend Policy Theory and Empirical Research

Author: Li Changqing
Publisher:
Publish Date: 2001-08-01
Features: Companies always need dividend policies, but there are no permanent dividend policies. For decades, financial scholars have been dedicated to exploring the mystery of dividends. Unfortunately, to this day, neither a reasonable theory has been found to explain it, nor a universally applicable dividend policy model. Based on a systematic exposition of various theoretical schools of dividend policy, this book provides an in-depth analysis of the motivations for dividend distribution, payment forms, characteristics of dividend policy, and their underlying causes in Chinese listed companies. It also proposes decision-making approaches for listed companies on how to formulate dividend policies and offers specific recommendations for the government on how to regulate the dividend distribution behavior of listed companies in the current stage.