CAN MANDATORY DIVIDEND POLICY REDUCE THE AGENCY COST OF LISTED COMPANIES? MODEL ANALYSIS AND EMPIRICAL TEST IN CHINA

CAN MANDATORY DIVIDEND POLICY REDUCE THE AGENCY COST OF LISTED COMPANIES? MODEL ANALYSIS AND EMPIRICAL TEST IN CHINA

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In this research, the mixed strategy complete information static game was adopted to explain the effect of mandatory dividend policy on agency cost, and Chinese mandatory dividend policy introduced in 2011was regarded as the institutional background, and whether mandatory dividend policy can reduce...

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Bibliographic Details
Main Authors: Qin Hailin, Zhang Jingxu
Format: Article
Language:English
Published: Nicolaus Copernicus University in Toruń 2019-06-01
Series:Copernican Journal of Finance & Accounting
Subjects:
mandatory dividend
agency cost
dividend policy
mixed strategy equilibrium
difference-in-difference model
Online Access:https://apcz.umk.pl/CJFA/article/view/20693

Internet

https://apcz.umk.pl/CJFA/article/view/20693

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