| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083709 | International Review of Economics & Finance | 2013 | 13 Pages |
Abstract
⺠We examine the relation between dividends and investment for Chinese listed firms. ⺠Chinese firms neither cut dividends nor investment when facing cash flow uncertainty. ⺠Chinese firms mainly use external financing to resolve cash flow uncertainty. ⺠Dividends and investment have an “N-shaped” relation given cash flow uncertainty. ⺠Chinese firms have different financial decisions than firms in developed markets.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lu Deng, Sifei Li, Mingqing Liao, Weixing Wu,