Minority shareholder activism (MSA) on online interactive platforms is a new form of corporate governance in China …. This paper investigates whether and how dividend-related MSA affects corporate dividend policies. We find listed firms are … checks. We establish a causal relationship between MSA and future dividend payouts, with both instrumental variable approach …

control rights and the types of control of the ultimate controlling shareholders (UCSs) of listed firms in China influence … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use … firms' cash dividend policy. The difference might stem from the historical nature of these ultimate controlling shareholders …

shareholders. However, due to the weaker investor protections and low dividend payouts of listed firms in China, large shareholders …According to classic corporate governance theory, strengthening large shareholders' cash flow rights without changing … rights than cash flow rights. An empirical study using the exogenous changes of two rounds of dividend tax reductions reveals …