Proceedings of the 2018 4th Annual International Conference on Modern Education and Social Science (MESS 2018)

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

Authors
Zhen-Yi WANG, Xi CHEN, Rui-Wen WAN
Corresponding Author
Zhen-Yi WANG
Available Online April 2018.
DOI
https://doi.org/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.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2018 4th Annual International Conference on Modern Education and Social Science (MESS 2018)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
April 2018
ISBN
978-94-6252-526-9
ISSN
2352-5398
DOI
https://doi.org/10.2991/mess-18.2018.72How to use a DOI?
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
SP  - 385
EP  - 390
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  -