Zero Leverage, Media Attention and Cash Dividend Payment - An Empirical Analysis Based on A Share Listed Companies
Zhen-Yi WANG, Xi CHEN, Rui-Wen WAN
Available Online April 2018.
- https://doi.org/10.2991/mess-18.2018.72How to use a DOI?
- Zero leverage, Media attention, Cash dividend
- This paper takes the listed companies in Shanghai A-stock market and Shenzhen A-stock market from 2011 to 2016 as research samples, examining the relationship between zero leverage, media attention and cash dividend payment. Through empirical research, this paper reaches the following conclusions(1) Zero-leverage companies are more willing to pay dividends and these companies have higher payment levels than leveraged companies; (2) For zero leverage companies, The impact of media attention on the willingness to pay dividends in the future and the payment level is even more pronounced.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Zhen-Yi WANG AU - Xi CHEN AU - Rui-Wen WAN PY - 2018/04 DA - 2018/04 TI - Zero Leverage, Media Attention and Cash Dividend Payment - An Empirical Analysis Based on A Share Listed Companies BT - 2018 4th Annual International Conference on Modern Education and Social Science (MESS 2018) PB - Atlantis Press SN - 2352-5398 UR - https://doi.org/10.2991/mess-18.2018.72 DO - https://doi.org/10.2991/mess-18.2018.72 ID - WANG2018/04 ER -