As with much else in corporate finance, companies set dividend policy by looking at what the peer group is doing, paying high dividends when they are, even if they cannot afford them. In this session, I look at the peer group approach to dividend policy, with emphasis on how your peer group is formed and how to control for differences across companies.
Historically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More