Continuous cash dividends, ownership structure and firm value: Evidence from Chinese A-share market

Qi, Qin; Li, Weijie; Liu, Chong; Yun-cheng, Huang; Hu, Changsheng

doi:10.1371/journal.pone.0265177

Cited by 2 publications

(2 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It can be concluded that the dividend cannot be used as a tool to assess price to book value in manufacturing companies. This finding is in line with Sutomo & Budiharjo (2019) who state that dividend policy is not significant to Company value, and according to Qi et al (2022) who state that dividends are significant to company value. This finding is in line with the agency theory that dividing income into dividends and retained earnings can increase agency costs.…”

Section: Dividend On Company Valuesupporting

confidence: 86%

Effect of Foreign Ownership, Audit Committee, and Financial Performance on Company Value

Lestari,

Setiany

2023

JAEMB

View full text Add to dashboard Cite

Corporate value is used by management in running the business to maximize shareholder wealth. Audit committees, foreign ownership, and financial performance have prospects in the future so that investors will be interested in investing. This population is a manufacturing company that pays out dividends during the period 2016 to 2021 which are listed on the Indonesia Stock Exchange. The sampling technique is 222 companies. The method used is panel data regression. The findings of foreign ownership, debt to equity, total asset turnover, net profit margin, and return on assets significantly affect company value, but audit committees, current ratios, and dividends have no significant effect on company value. It is suggested that the company can improve its financial performance to maximize profit, which reflects the company internally. In addition, foreign ownership can make decisions in the company's strategy to increase the value of the company.

show abstract

Section: Dividend On Company Valuesupporting

confidence: 86%

Effect of Foreign Ownership, Audit Committee, and Financial Performance on Company Value

Lestari,

Setiany

2023

JAEMB

View full text Add to dashboard Cite

show abstract

“…With the development of social economy, traditional ownership and equity are no longer seen as the same concept. The organizational form of enterprises has been separated from ownership and operation through continuous improvement and the operational risks borne by shareholders have been dispersed to stakeholders, such as managers, creditors and employees [23]. As a result, ownership includes equity and other stakeholders' rights and the management goal of maximizing shareholders' interests becomes maximizing stakeholders' rights and interests [24].…”

Section: Introductionmentioning

confidence: 99%

The Impact of ESG Performance on Firm Value: The Moderating Role of Ownership Structure

2022

Sustainability

View full text Add to dashboard Cite

The purpose of this paper is to investigate the relationship between Environmental, Social and Governance (ESG) performance and firm value of Chinese manufacturing listed companies. The moderating role of ownership structure on the relationship between ESG performance and firm value is also tested. Sino-Securities ESG Rating is adopted in this paper to measure ESG performance and ownership structure is measured in four aspects, which include ownership concentration, equity balances, executive shareholding and institutional investor shareholding. We find that (1) ESG performance is important in improving firm value, (2) executive ownership and institutional ownership positively and significantly affect firm value, while ownership concentration and equity balance have no impact and (3) executive ownership and institutional ownership moderate the link between ESG performance and firm value, whereas the moderating role of ownership concentration and equity balance is not significant. The results of this study contribute to the existing literature on ESG and will aid corporations to enhance firm value through improving ESG performance.

show abstract

Continuous cash dividends, ownership structure and firm value: Evidence from Chinese A-share market

Cited by 2 publications

References 25 publications

Effect of Foreign Ownership, Audit Committee, and Financial Performance on Company Value

Effect of Foreign Ownership, Audit Committee, and Financial Performance on Company Value

The Impact of ESG Performance on Firm Value: The Moderating Role of Ownership Structure

Contact Info

Product

Resources

About