256
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Share pledging, social trust and cash dividend payout: evidence from China

ORCID Icon, ORCID Icon, ORCID Icon &

References

  • Bell, A., and K. Jones. 2015. “Explaining Fixed Effects: Random Effects Modeling of Time-Series Cross-Sectional and Panel Data.” Political Science Research and Methods 3 (1): 133–153. doi:10.1017/psrm.2014.7.
  • Chan, K., H. K. Chen, S. Y. Hu, and Y. J. Liu. 2018. “Share Pledges and Margin Call Pressure.” Journal of Corporate Finance 52: 96–117. doi:10.1016/j.jcorpfin.2018.08.003.
  • Chen, Y., and S. Hu. 2007. “The Controlling Shareholder’s Personal Leverage and Firm Performance.” Applied Economics 39 (8): 1059–1075. doi:10.1080/00036840500462004.
  • Cialdini, R. B., C. A. Kallgren, and R. R. Reno. 1991. “A Focus Theory of Normative Conduct: A Theoretical Refinement and Reevaluation of the Role of Norms in Human Behavior.” Advances in Experimental Social Psychology 24: 201–234. doi:10.1016/S0065-2601(08)60330-5.
  • Dai, Y. Y., P. D. Zhang, and Y. Pan. 2019. “The Role of Honesty in Public Firms Bank Loans: Evidence from China.” Journal of Financial Research (Chinese) 8: 77–95.
  • Dong, W., H. Han, Y. Ke, and K. C. Chan. 2018. “Social Trust and Corporate Misconduct: Evidence from China.” Journal of Business Ethics 151 (2): 539–562. doi:10.1007/s10551-016-3234-3.
  • Dou, Y., R. W. Masulis, and J. Zein. 2019. “Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans.” The Review of Financial Studies 32 (12): 4810–4854. doi:10.2139/ssrn.2843888.
  • Floridi, L. 2013. The Ethics of Information. Oxford: Oxford University Press.
  • Franc-Dbrowska, J., M. Mądra-Sawicka, and M. Ulrichs. 2020. “Determinants of Dividend Payout Decisions – the Case of Publicly Quoted Food Industry Enterprises Operating in Emerging Markets.” Economic Research-Ekonomska Istraživanja 33 (1): 1108–1129. doi:10.1080/1331677X.2019.1631201.
  • Gambetta, D. 1988. “Can We Trust Trust?” In Trust: Making and Breaking Cooperative Relations, edited by D.Gambetta, 213–237. New York: Blackwell.
  • Guiso, L., P. Sapienza, and L. Zingales. 2004. “The Role of Social Capital in Financial Development.” The American Economic Review 94 (3): 526–556. doi:10.1257/0002828041464498.
  • Jensen, M. C. 1986. “Agency costs of free cash flow, corporate finance, and takeovers.” The American Economic Review 76 (2): 323–329. http://www.jstor.org/stable/1818789.
  • Johnson, S., R. La Porta, F. Lopez-de-Silanes, and A. Shleifer. 2000. “Tunneling.” The American Economic Review 90 (2): 22–27. doi:10.1007/978-3-540-70626-7_224.
  • Li, M., C. Liu, and T. Scott. 2019. “Share Pledges and Firm Value.” Pacific-Basin Finance Journal 55: 192–205. doi:10.1016/j.pacfin.2019.04.001.
  • Li, W., J. Zhou, Z. Yan, and H. Zhang. 2020. “Controlling Shareholder Share Pledging and Firm Cash Dividends.” Emerging Markets Review 42: 100671. doi:10.1016/j.ememar.2019.100671.
  • Lyons, B., and J. Mehta. 1997. “Contracts, Opportunism and Trust: Self-Interest and Social Orientation.” Cambridge Journal of Economics 21 (2): 239–257. doi:10.1093/oxfordjournals.cje.a013668.
  • Paul, A., J. W. Lang, and R. J. Baumgartner. 2017. “A Multilevel Approach for Assessing Business Strategies on Climate Change.” Journal of Cleaner Production 160:50–70. doi: 10.1016/j.jclepro.2017.04.030
  • Qin, W., Q. Liang, Y. Jiao, M. Lu, and Y. Shan. 2022. “Social Trust and Dividend Payouts: Evidence from China.” Pacific-Basin Finance Journal 72: 101726. doi:10.1016/j.pacfin.2022.101726.
  • Woolthuis, R. K., B. Hillebrand, and B. Nooteboom. 2005. “Trust, Contract and Relationship Development.” Organization Studies 26 (6): 813–840. doi:10.1177/0170840605054594.
  • Wu, W., M. Firth, and O. M. Rui. 2014. “Trust and the Provision of Trade Credit.” Journal of Banking & Finance 39: 146–159.
  • Xu, J., and H. Huang. 2021. “Pay More or Pay Less? The Impact of Controlling Shareholders’ Share Pledging on Firms’ Dividend Payouts.” Pacific-Basin Finance Journal 65: 101493. doi:10.1016/j.pacfin.2020.101493.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.