State owned shareholders have a strong preference for cash dividend, and it has low degree of embezzlements than non-state-owned shareholders.

国有控股股东有很强的现金股利偏好，但是其对上市公司的资金侵占程度比非国有控股股东低。

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State owned shareholders have a strong preference for cash dividend, and it has low degree of embezzlements than non-state-owned shareholders.

国有控股股东有很强的现金股利偏好，但是其对上市公司的资金侵占程度比非国有控股股东低。

youdao