School of Economics, Huazhong University of Science and Technology, Wuhan, China
This paper examines the effect of deleveraging policies on cash dividends by using the difference-in-difference (DID) model based on the panel data of Chinese A-share non-financial firms from the 2008-2020. The results indicates that the deleveraging policy can promote enterprise dividend, with a marginal utility of 0.06%.
Deleveraging Policy; Cash Dividends; Difference-in-difference
Binyong Qin. The Effects of Deleveraging Policy on Cash Dividends. Academic Journal of Business & Management (2023) Vol. 5, Issue 3: 67-72. https://doi.org/10.25236/AJBM.2023.050311.
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