Journal of Jishou University(Natural Sciences Edition)

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Role of Diligent Independent Directors in Cash Dividend Distribution of Listed Companies

LIU Da,Bing Jun   

  1. (School of Business,Hunan Normal University,Changsha 410081,China)
  • Online:2016-11-25 Published:2016-12-13


Based on the data of the independent directors of A-share companies listed in Shenzhen Stock Exchange from 2010 to 2014,this paper investigates the role of independent director in cash dividend distribution of listed companies.The results show that the more diligent the independent directors are,the more inclined the companies will be to issue cash dividend,but the less dividend will be issued.Therefore,independent directors function as contradiction coordinator,balancing the benefits of all interested parties.

Key words: independent director, diligence, listed company, dividend distribution

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