Zero Leverage, Media Attention and Cash Dividend Payment - An Empirical Analysis Based on A Share Listed Companies

DOI

10.2991/mess-18.2018.72How to use a DOI?

Keywords

Zero leverage, Media attention, Cash dividend

Abstract

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.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 2018 4th Annual International Conference on Modern Education and Social Science (MESS 2018)
PB  - Atlantis Press
SP  - 385
EP  - 390
SN  - 2352-5398
UR  - https://doi.org/10.2991/mess-18.2018.72
DO  - 10.2991/mess-18.2018.72
ID  - WANG2018/04
ER  -