The influence of financial constraint on peer influence of cash dividend decision – Evidence from China

The influence of financial constraint on peer influence of cash dividend decision – Evidence from China

We analyse the influence of financial constraints on the peer effect of dividend decision in China by employing the Carhart four-factor model to construct instrument variables of peer influence. We find that (1) the decision of whether to pay cash dividends (DIV) is significantly influenced by peers...

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Bibliographic Details
Main Authors: Wang Xiaolan, Li Fengzuo, Salem Mohammad
Format: Article
Language:English
Published: Sciendo 2021-11-01
Series:Applied Mathematics and Nonlinear Sciences
Subjects:
dividend decision
peer influence
financial constraint
conduction path
carhart four-factor model
Online Access:https://doi.org/10.2478/amns.2021.2.00038

Internet

https://doi.org/10.2478/amns.2021.2.00038

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