Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries
This study mainly focuses on the mechanisms and influencing factors of formulating dividend policies in the Chinese and Taiwanese lithium battery industries. According to the relevant literature, enterprises should consider financial status, project operations, the decision preferences of their exec...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-10-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/8/10/1689 |
| _version_ | 1797552032894156800 |
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| author | Tzu-Chun Sheng Alvin Chang Shu-Hui Lan Shih-Cheng Li |
| author_facet | Tzu-Chun Sheng Alvin Chang Shu-Hui Lan Shih-Cheng Li |
| author_sort | Tzu-Chun Sheng |
| collection | DOAJ |
| description | This study mainly focuses on the mechanisms and influencing factors of formulating dividend policies in the Chinese and Taiwanese lithium battery industries. According to the relevant literature, enterprises should consider financial status, project operations, the decision preferences of their executives, and shareholder equity when drawing up dividend policies. This study first uses the Modified Delphi Approach to set up the hierarchy analysis structure, and then use the Fuzzy Analytical Hierarchy Process for the study method. From the empirical results, this study finds that there exist differences between Chinese and Taiwanese lithium battery manufacturing supply chains, in terms of the process and considered factors when making decisions regarding dividend policies. The empirical results of the study show that dividend policies of Chinese lithium battery manufacturers emphasize more on the future growth of enterprises, earnings expectation and retained earnings, investment decisions, enterprise scale, and operating performance and profit whereas Taiwanese lithium battery manufacturers focus more on information asymmetry. |
| first_indexed | 2024-03-10T15:54:22Z |
| format | Article |
| id | doaj.art-dbffbafa670347d9b0f774a9f3c2e293 |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-10T15:54:22Z |
| publishDate | 2020-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-dbffbafa670347d9b0f774a9f3c2e2932023-11-20T15:49:43ZengMDPI AGMathematics2227-73902020-10-01810168910.3390/math8101689Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery IndustriesTzu-Chun Sheng0Alvin Chang1Shu-Hui Lan2Shih-Cheng Li3Department of Finance, Ling Tung University, Taichung 408, TaiwanDepartment of International Business, Ling Tung University, Taichung 408, TaiwanDepartment of Marketing and Logistics Management, Ling Tung University, Taichung 408, TaiwanDepartment of Industrial Education and Technology, National Changhua University of Education, Changhua City 500, TaiwanThis study mainly focuses on the mechanisms and influencing factors of formulating dividend policies in the Chinese and Taiwanese lithium battery industries. According to the relevant literature, enterprises should consider financial status, project operations, the decision preferences of their executives, and shareholder equity when drawing up dividend policies. This study first uses the Modified Delphi Approach to set up the hierarchy analysis structure, and then use the Fuzzy Analytical Hierarchy Process for the study method. From the empirical results, this study finds that there exist differences between Chinese and Taiwanese lithium battery manufacturing supply chains, in terms of the process and considered factors when making decisions regarding dividend policies. The empirical results of the study show that dividend policies of Chinese lithium battery manufacturers emphasize more on the future growth of enterprises, earnings expectation and retained earnings, investment decisions, enterprise scale, and operating performance and profit whereas Taiwanese lithium battery manufacturers focus more on information asymmetry.https://www.mdpi.com/2227-7390/8/10/1689dividend policyindustrial managementfinancial strategyDelphi ApproachFuzzy Analytical Hierarchy Processpolicy comparison |
| spellingShingle | Tzu-Chun Sheng Alvin Chang Shu-Hui Lan Shih-Cheng Li Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries Mathematics dividend policy industrial management financial strategy Delphi Approach Fuzzy Analytical Hierarchy Process policy comparison |
| title | Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries |
| title_full | Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries |
| title_fullStr | Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries |
| title_full_unstemmed | Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries |
| title_short | Analysis of the Dividend Policy Decision-Making Mechanism of Chinese and Taiwanese Lithium Battery Industries |
| title_sort | analysis of the dividend policy decision making mechanism of chinese and taiwanese lithium battery industries |
| topic | dividend policy industrial management financial strategy Delphi Approach Fuzzy Analytical Hierarchy Process policy comparison |
| url | https://www.mdpi.com/2227-7390/8/10/1689 |
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