by Chan Wai-ming, Josephine and Law Tat-nin. / Bibliography: leaves 82-83 / Thesis (M.B.A.)--Chinese University of Hong Kong, 1985

Yan Li. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2004. / Includes bibliographical references (leaves 72-75). / Abstracts in English and Chinese. / Abstract --- p.i / Table of Contents --- p.iii / Chapter Chapter 1. --- Introduction --- p.1 / Chapter Chapter 2 --- Literature Review --- p.3 / Chapter Chapter 3. --- General Behavior Study on China Listed Firms' Cash Dividend Policy --- p.7 / Chapter Chapter 4. --- Empirical Study of Cash Dividends' Information Content --- p.21 / Chapter 4.1 --- Hypothesis --- p.22 / Chapter 4.2 --- Study Method Design --- p.26 / Chapter 4.3 --- Empirical Result --- p.33 / Chapter Chapter 5. --- Cash Dividend and Ownership Structure --- p.48 / Chapter 5.1 --- Issues Related to China Listed Companies' Ownership Structure --- p.48 / Chapter 5.2 --- Empirical Study of Different Shareholders' Attitude towards Cash Dividends --- p.50 / Chapter 5.3 --- "Empirical Study of “No Cash Dividend Disbursement"" Phenomenon" --- p.57 / Chapter Chapter 6. --- Conclusions --- p.61 / Appendix --- p.65 / Reference --- p.72

published_or_final_version / Management Studies / Master / Master of Business Administration

published_or_final_version / abstract / toc / Business / Doctoral / Doctor of Philosophy

by Yeung Yu-Man. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references (leaves 62-64). / ABSTRACT --- p.ii / ACKNOWLEGEMENTS --- p.iv / TABLE OF CONTENTS --- p.v / LIST OF TABLES --- p.vii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter 1.1 --- Dividends Come in Many Forms --- p.2 / Chapter 1.2 --- How Do Companies Decide on Dividend Payments ？ --- p.3 / Chapter 1.3 --- Limitation on Dividend Payments --- p.3 / Chapter 1.4 --- The Analytical Approach --- p.5 / Chapter II. --- EMPIRICAL LITERATURE REVIEW --- p.7 / Chapter 2.1 --- Lintner's Model --- p.7 / Chapter 2.1.1 --- Stability of Dividend Rate --- p.8 / Chapter 2.1.2 --- Stockholders ' Needs and Expectations --- p.9 / Chapter 2.1.3 --- Earnings --- p.10 / Chapter 2.1.4 --- Principal Considerations in Dividend Decisions --- p.10 / Chapter 2.1.5 --- Partial Adjustment Model --- p.11 / Chapter 2.2 --- Fama and Babiak's Empirical Analysis on Dividend Policy --- p.13 / Chapter 2.3 --- Empirical Results for the Hong Kong Market --- p.15 / Chapter 2.4 --- Miller and Modigliani's Model --- p.17 / Chapter 2.4.1 --- No Agency Cost --- p.17 / Chapter 2.4.2 --- No Tax --- p.17 / Chapter 2.4.3 --- Full Information --- p.18 / Chapter 2.4.4 --- No Transformation Cost --- p.18 / Chapter 2.4.5 --- Independent Investment and Financing Decisions --- p.18 / Chapter 2.4.6 --- Summary of M & M Theory [1961] --- p.18 / Chapter 2.4.7 --- Other Considerations --- p.20 / Chapter 2.5 --- The Information Contents of Dividends --- p.20 / Chapter III. --- METHODOLOGY --- p.22 / Chapter 3.1 --- Cash Dividend Policy for Hong Kong Market --- p.22 / Chapter 3.2 --- Stock Dividends and Stock Splits --- p.23 / Chapter 3.3 --- Cash Dividend Payment Practices --- p.25 / Chapter 3.3.1 --- A Preliminary Test on Dividends and Distributed Lags --- p.26 / Chapter 3.3.2 --- Initial Tests of Lintner's Model --- p.26 / Chapter 3.3.3 --- Tests of the Lag Structure . --- p.27 / Chapter IV. --- FINDINGS --- p.28 / Chapter 4.1 --- Cash Dividend Policy for Hong Kong Market --- p.28 / Chapter 4.1.1 --- Background Information --- p.28 / Chapter 4.1.2 --- Principal Considerations in Dividend Decisions --- p.30 / Chapter 4.1.3 --- Other Influences on Dividend Decisions --- p.31 / Chapter 4.1.4 --- Earnings --- p.33 / Chapter 4.1.5 --- Regularity of Payment --- p.36 / Chapter 4.1.6 --- Availability of Cash --- p.37 / Chapter 4.1.7 --- Stability of Rate and Dividend Growth --- p.39 / Chapter 4.1.8 --- Stockholders' Needs and Expectations --- p.40 / Chapter 4.2 --- Stock Dividends and Stock Splits . . . --- p.41 / Chapter 4.2.1 --- Reasons for Stock Dividends --- p.41 / Chapter 4.2.2 --- Reasons for Stock Splits . . --- p.43 / Chapter 4.3 --- Cash Dividend Payment Practices --- p.44 / Chapter 4.3.1 --- A Preliminary Test on Dividends and Distributed Lags --- p.44 / Chapter 4.3.2 --- Initial Tests of Lintner's Model --- p.48 / Chapter 4.3.3 --- Tests of the Lag Structure . --- p.51 / Chapter V. --- CONCLUSIONS --- p.54 / APPENDIX --- p.56 / BIBLIOGRAPHY --- p.62

Li Wing-Yi. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2004. / Includes bibliographical references (leaves 93-96). / Abstracts in English and Chinese. / Abstract --- p.i / 摘要 --- p.ii / Acknowledgement --- p.iii / Table of Contents --- p.iv / List of Tables --- p.vii / Chapter Chapter 1 --- Introduction --- p.1 / Chapter Chapter 2 --- Literature Review --- p.5 / Chapter 2.1 --- Relevant Dividend Literature / Chapter 2.1.1 --- Dividend Irrelevance Theory --- p.6 / Chapter 2.1.2 --- Information Content of Dividends --- p.7 / Chapter 2.1.3 --- Cash Flow Signaling --- p.10 / Chapter 2.1.4 --- Agency Cost Theory --- p.13 / Chapter 2.2 --- Relevant Literature on Corporate Governance / Chapter 2.2.1 --- Ownership Structure in Hong Kong --- p.17 / Chapter 2.2.2 --- Ownership Concentration --- p.18 / Chapter 2.2.3 --- Separation of Cash Flow Rights and Control Rights --- p.20 / Chapter 2.3 --- Relevant Literature on Corporate Governance and Dividend Policy / Chapter 2.3.1 --- Corporate Governance and Dividend Payout Levels --- p.22 / Chapter 2.3.2 --- Corporate Governance and Stock Price Reaction to Dividend Changes --- p.24 / Chapter Chapter 3 --- Methodology --- p.27 / Chapter 3.1 --- Stock Price Reaction to Dividend Change Announcements / Chapter 3.1.1 --- Hypothesis Development --- p.28 / Chapter 3.1.2 --- Regression Model --- p.29 / Chapter 3.1.3 --- Interpretations --- p.29 / Chapter 3.2 --- Ownership Structure and Stock Price Reaction to Dividend Changes / Chapter 3.2.1 --- Hypothesis Development --- p.30 / Chapter 3.2.2 --- Regression Models --- p.31 / Chapter 3.2.3 --- Interpretations --- p.33 / Chapter Chapter 4 --- Data Description --- p.35 / Chapter 4.1 --- Sample Criteria --- p.35 / Chapter 4.2 --- Data Sources --- p.37 / Chapter 4.3 --- Variables / Chapter 4.3.1 --- Stock Price Reaction --- p.38 / Chapter 4.3.2 --- Unexpected Dividend Changes --- p.38 / Chapter 4.3.3 --- Ownership Structure --- p.44 / Chapter Chapter 5 --- Descriptive Statistics --- p.47 / Chapter 5.1 --- Summary Statistics / Chapter 5.1.1 --- Cumulative Abnormal Return (CAR) --- p.47 / Chapter 5.1.2 --- Stockholdings (major) --- p.47 / Chapter 5.1.3 --- Ratio of Cash Flow to Control Rights (O/C) --- p.48 / Chapter 5.2 --- Limitations --- p.49 / Chapter Chapter 6 --- Empirical Analysis --- p.50 / Chapter 6.1 --- Regression Results / Chapter 6.1.1 --- Stock Price Reaction to Dividend Change Announcements --- p.50 / Chapter 6.1.2 --- Effects of Ownership Structure on Stock Price Reaction --- p.51 / Chapter 6.1.3 --- Non-Linear Ownership Effects on Stock Price Reaction --- p.53 / Chapter 6.2 --- Sensitivity Tests / Chapter 6.2.1 --- Two-Step Estimation Problem --- p.55 / Chapter 6.2.2 --- Regression Results With Corrected Covariance Matrix --- p.56 / Chapter Chapter 7 --- Discussion and Relation to Prior Literature --- p.58 / Chapter Chapter 8 --- Conclusion --- p.60 / Tables --- p.62 / Appendices / Appendix A1 Interim dividend increase announcements in sampling period 2001 --- p.79 / Appendix A2 Interim dividend decrease announcements in sampling period 2001 --- p.80 / Appendix A3 Interim dividend increase announcements in sampling period 2002 --- p.81 / Appendix A4 Interim dividend decrease announcements in sampling period 2002 --- p.82 / Appendix A5 Final dividend increase announcements in sampling period 2001 --- p.83 / Appendix A6 Final dividend decrease announcements in sampling period 2001 --- p.85 / Appendix A7 Final dividend increase announcements in sampling period 2002 --- p.86 / Appendix A8 Final dividend decrease announcements in sampling period 2002 --- p.87 / Appendix B Definitions of Datastream Datatype --- p.88 / Appendix C Complete dataset --- p.89 / Bibliography --- p.93

by Wong Ting Yu. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 43-45). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF TABLES --- p.vi / ACKNOWLEDGMENTS --- p.vii / Chapter / Chapter 1. --- INTRODUCTION --- p.1 / Chapter 1.1 --- Objective and Structure --- p.1 / Chapter 1.2 --- Dividends and Dividend Policy --- p.3 / Chapter 2. --- LITERATURE REVIEW --- p.5 / Chapter 3. --- A BRIEF REVIEW OF THE DEVELOPMENT OF THE SHENZHEN STOCK MARKET --- p.9 / Chapter 4. --- PRACTICES OF AND CONSTRAINTS ON SHENZHEN LISTED FIRMS' DIVIDEND POLICIES --- p.12 / Chapter 4.1 --- Legal Constraints on Dividends --- p.12 / Chapter 4.2 --- Stipulations in Company Articles --- p.14 / Chapter 4.3 --- Constraints of Authorities on Dividend Policies --- p.15 / Chapter 4.4 --- Practices of Dividend Policies --- p.17 / Chapter 5. --- A GENERAL BEHAVIOR STUDY ON SHENZHEN LISTED FIRMS DIVIDEND POLICIES --- p.19 / Chapter 5.1 --- Hypotheses --- p.19 / Chapter 5.2 --- Evidences --- p.22 / Chapter 5.3 --- Further Explanations --- p.31 / Chapter 5.4 --- Preliminary Evidence for Market Response of Dividend Policies --- p.35 / Chapter 6. --- A TIME SERIES AND CROSS SECTIONAL COMPARISON AMONG DIVIDEND POLICIES --- p.37 / Chapter 6.1 --- Comparison of Cash Dividends in 1992/1993 --- p.37 / Chapter 6.2 --- Comparison of Cash Dividend Payout Ratio Among Industries --- p.39 / Chapter 7. --- CONCLUSIONS --- p.41 / BIBLIOGRAPHY --- p.43

by Wong Kie-ann. / Thesis (M.Comm.)--Chinese University of Hong Kong, 1969. / Selected bibliography: leaves 137-139.

by Chan Shet Hung, Suzanne, Ma Yuk Lun, Yu Sai Hung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 64-67). / TABLE OF CONTENTS --- p.ii / LIST OF ILLUSTRATIONS --- p.iv / LIST OF TABLES --- p.v / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Objectives --- p.1 / Scope of Study --- p.2 / Literature Review --- p.3 / Methodology --- p.6 / Sources of Data --- p.6 / Statistical Measurement --- p.6 / Chapter II. --- CONCEPTUAL FRAMEWORK --- p.8 / Regulatory Requirements for Dividend Payment in Hong Kong --- p.8 / Other Factors Affecting Dividend Policies --- p.9 / Common Dividend Policies --- p.10 / High Dividend Payout Policy --- p.10 / Constant Payout Ratio Policy --- p.11 / Constant Dividend Payment Policy --- p.12 / Low Dividend Payout Policy --- p.12 / Residual/Passive Dividend Policy --- p.13 / Chapter III. --- FINDINGS AND ANALYSIS --- p.14 / Overall Trend --- p.14 / Economic Growth and Market Performance Trend --- p.14 / Earnings and Dividend Trend --- p.15 / Analysis By Industry: Finance and Banking --- p.16 / Industry Operating Environment --- p.16 / Earnings and Dividend --- p.17 / Industry Norm Dividend Policy --- p.19 / Analysis of Representative Company in Industry --- p.19 / Analysis By Industry: Property --- p.22 / Industry Operating Environment --- p.22 / Earnings and Dividend --- p.23 / Industry Norm Dividend Policy --- p.24 / Analysis of Representative Company in Industry --- p.25 / Analysis By Industry: Congomerate Enterprise --- p.28 / Industry Operating Environment --- p.28 / Earnings and Dividend --- p.29 / Industry Norm Dividend Policy --- p.29 / Analysis of Representative Company in Industry --- p.30 / Analysis By Industry: Industrial --- p.33 / Industrial Operating Environment --- p.33 / Earnings and Dividends --- p.34 / Industry Norm Dividend Policy --- p.35 / Analysis of Representative Company in Industry --- p.36 / Analysis By Industry: Hotel --- p.38 / Industry Operating Environment --- p.39 / Earnings and Dividends --- p.34 / Industry Norm Dividend Policy --- p.41 / Analysis of Representative Company in Industry --- p.42 / Analysis By Industry: Utilities --- p.44 / Industry Operating Environment --- p.44 / Earnings and Dividends --- p.45 / Industry Norm Dividend Policy --- p.47 / Analysis of Representative Company in Industry --- p.48 / Chapter IV. --- CONCLUSIONS --- p.50 / Most Popular Dividend Policy --- p.50 / Statistical Analysis Result --- p.53 / APPENDIX --- p.55 / BIBLIOGRAPHY --- p.64

Qian Chen. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (leaves 34-36). / Abstracts in English and Chinese. / Introduction --- p.1 / Literature --- p.3 / Chapter I --- Disappearing Dividends --- p.5 / Chapter 1. --- Dividend Facts - from U.S. to Hong Kong --- p.5 / Chapter 2. --- Aggregate dividends --- p.16 / Chapter 3. --- Dividend concentration and Earning concentration --- p.21 / Chapter II --- Cross Country Comparisons --- p.25 / Chapter 1. --- Proportion to pay dividends --- p.25 / Chapter 2. --- Long-term loan --- p.28 / Chapter 3. --- Regressions --- p.30 / Chapter III --- Conclusion --- p.33 / References --- p.34 / Appendix --- p.37