Does high dividend payout protect investors?

in Frontiers of Business Research in China
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This paper studies the relationship between dividend payout and investor protection through the case of Chihong Zinc & Germanium’s (Chihong) reform of nontradable shares. Results show that Chihong’s nontradable share reform integrated with equity offering may usurp the interest of small shareholders. Statistics manifest that market responds negatively to this type of dividend allocation. Managerial suggestions are also provided.

Does high dividend payout protect investors?

in Frontiers of Business Research in China

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