• Economics
  • Published 2012

Monetary Policy,Cash Dividends and Investment:Empirical Evidence from Chinese Listed Companies

@inproceedings{Zhongjun2012MonetaryPD,
  title={Monetary Policy,Cash Dividends and Investment:Empirical Evidence from Chinese Listed Companies},
  author={Yang Zhong-jun},
  year={2012}
}
This paper empirically tests the relationship among monetary policy,dividends and the ability to invest by seasonal data from 1st season,2003 to 3rd season,2011 of 728 Chinese listed companies.Our results suggest tight monetary decreases the possibility of dividend significantly,and this phenomenon is more obvious in state-owned companies.In addition,dividend weakens the ability to invest,and this effect is stronger and more significant in loose monetary policy period while unobvious in tight… CONTINUE READING