Author(s)

Anqi Deng ¹

Affiliation(s)

¹ College of Business, Xi 'an International Studies University, Xi'an, Shaanxi, 710128, China

Corresponding Author

Anqi Deng

ABSTRACT

Cash dividend distribution is an important element of corporate profit distribution, which is the top priority of financial decision-making and widely concerned by all walks of life. This paper launches the research on cash dividend policy from the emerging research perspective of cohort effect, taking Shanghai A-share listed companies from 2013 to 2021 as the research sample, and studies the cohort effect of cash dividend policy of listed companies in the same industry. The empirical results show that there is an industry cohort effect in the cash dividend policy of China's Shanghai A-share listed companies, i.e., the cash dividend policy of listed companies will be affected by the cash dividend policy of other companies in the same industry, and based on the intrinsic mechanism of the cohort effect, the industry cohort effect of the cash dividend policy of the non-leading company and the company with overconfident management is more significant.

KEYWORDS

Cash Dividends, Cohort Effect, Management Characteristics

CITE THIS PAPER

Anqi Deng, A Study of Cohort Effects of Corporate Cash Dividend Policies. Accounting and Corporate Management (2024) Vol. 6: 84-92. DOI: http://dx.doi.org/10.23977/acccm.2024.060211.

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