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Foreign institutional investors and dividend policy: Evidence from China

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  • Cao, Lihong
  • Du, Yan
  • Hansen, Jens Ørding

Abstract

This study examines whether foreign institutional investment influences firms’ dividend policies. Using data from all domestically listed nonfinancial firms in China during the period of 2003–2013, we find that foreign shareholding influences dividend decisions and vice versa.

Suggested Citation

  • Cao, Lihong & Du, Yan & Hansen, Jens Ørding, 2017. "Foreign institutional investors and dividend policy: Evidence from China," International Business Review, Elsevier, vol. 26(5), pages 816-827.
    • Handle: RePEc:eee:iburev:v:26:y:2017:i:5:p:816-827
    DOI: 10.1016/j.ibusrev.2017.02.001
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