Abstract
Why do firms pay dividends? This is a question that has long interested researchers, particularly since the dividend irrelevance proposition of Miller and Modigliani (1961) because, even though their theory (which relies on several assumptions) suggests investors are indifferent between a dollar distributed and a dollar retained in the firm, companies do pay dividends and this seems to be important to investors.
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© 2015 Elisabeth Dedman and Wei Jiang
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Dedman, E., Jiang, W. (2015). Dividends in China. In: Cumming, D., Guariglia, A., Hou, W., Lee, E. (eds) Experiences and Challenges in the Development of the Chinese Capital Market. Palgrave Macmillan, London. https://doi.org/10.1057/9781137454638_4
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DOI: https://doi.org/10.1057/9781137454638_4
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