Ownership Structure and Dividend Policy: Evidence from Thailand

By Yordying Thanatawee. 2012

113 citations recorded by the source corpus.

This study investigates the impact of ownership structure on dividend policies of listed companies in the Shanghai Stock Exchange over the period 2007–2011. The results show that firms with higher ownership by the largest shareholder, ownership concentration, and government ownership are more likely to pay dividends. However, the probability of paying dividends decreases when institutions hold more shares. It is also found that the magnitude of dividend payouts has a positive relationship with the ownership by the largest shareholder, ownership concentration, and government ownership but a negative relationship with the ownership by institutions and foreign investors.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/4e5771f2e2424677dc920473b4b6f09e1c4fb709

Citations in the corpus

• Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics (2017, unknown): “By contrast, studies examining the extent to which corporate governance mechanisms affect dividend policy are generally scarce, but particularly acute in the case of SMEs (Thanatawee, 2012; Abor & Fiador, 2013; Arshad et al., 2013; Ghasemi et al. 2013; Iqbal 2013; Mansourinia et al. 2013).”